ECNs Encroaching on Exchange Turf
Traders Magazine, April 2008
All eyes are on BATS Trading and Direct Edge. Will the Securities and Exchange Commission grant the two biggest ECNs the much-coveted exchange status they both want? If so, will the exchanges leverage their newfound powers to grab more share from NYSE Euronext and Nasdaq OMX? And what about the value of exchange licenses? Will approval herald a flowering of new exchanges, devaluing the status of the smaller players already in the club?
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.