Commentary

Brijesh Malkan
Traders Magazine Online News

Solving the Last Mile Problem in Investment Research

One executive takes a forward look at how will the research value proposition change over the short to medium term, and what are the products and strategies managers will turn to?

Traders Poll

Do you think it's a good idea to conduct an access fee pilot to assess the pricing models used by many trading venues?

Yes
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Should have had a pilot program a long time ago.

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June 4, 2007

Nasdaq's Option

By Peter Chapman

Nasdaq, despite industry speculation it would enter the options industry via a deal with the Philadelphia Stock Exchange, is still on a track to establish its own options mart. (See page 10.)

In a filing with the Securities and Exchange Commission, Nasdaq stated it would "operate its options market much as it operates its cash equities market."

Its new market will "differ from most existing options exchanges by, most prominently, offering true price-time priority across all orders and participants rather than differentiating between participant/trading interest classes."