Commentary

Traders Magazine Online News

Spoofing, Surveillance and Supervision

Jay Biondo, Product Manager - Surveillance at Trading Technologies, co-authored an article along with James Lundy and Nicholas Wendland, both of Drinker Biddle & Reath LLP, reviewing the CFTC's regulations and expanding efforts, 21st century surveillance and supervision, as well as strategic recommendations.

Traders Poll

Is the adoption of electronic trading in fixed income on par of that in the FX sector?




Free Site Registration

June 2, 2009

Nasdaq Philly Moves To INET Platform

By Peter Chapman

Nasdaq OMX PHLX announced plans to roll out a rebuilt options trading system by late May. The former Philadelphia Stock Exchange will use Nasdaq's INET architecture as the framework.

The INET technology will give the PHLX "scalability," Tom Wittman, Nasdaq OMX PHLX president, told attendees at the annual Options Industry Council conference, and will allow for a back-up system and co-location for brokers' servers. As part of the rebuild, the PHLX is also making changes to its opening process. PHLX will let liquidity providers "layer in" bids and offers.

It will also give them order imbalance messages so they know the constituents of the imbalance. The exchange will also establish an opening quote range.

(c) 2009 Traders Magazine and SourceMedia, Inc. All Rights Reserved.

http://www.tradersmagazine.com http://www.sourcemedia.com/