ISE's Pricing for ETFs and Indexes Gives Investors a Free Ride
Traders Magazine, June 2, 2009
Commentary
EDITOR'S LETTER
Tom Steinert-Threlkeld
Trading Through
The mispriced transactions totaled 442,600, from October 2008 through the start of this year. The amount owed customers for the mistakes was $420,360. Less than a buck a trade. On a 200-share trade, that equals less than 3 cents each.
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Would creating a handful of "universal" order types help reduce the complexity of equities trading?
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