Featured Articles

Cover Sidebar: It's All Relative

Institutions have increased their usage of ETFs because they want quick and cheap exposure. More specifically, ETFs work well with some of their portfolio strategies.

Trading the Manager

In late 2008, Ben Sylvester stumbled upon an idea that would change the way many investment decisions are put to work at JPMorgan Asset Management.

Cover Story: Filling the Void

Over the past two years, ETF trading has evolved. New and established players from the agency brokerage ranks have entered the ETF space to find novel and varied ways to trade less-liquid names more cheaply.

Cover Sidebar: Betting on Swaps

Much of Nasdaq's head of transaction services Eric Noll's time will be spent steering the ship into new waters: development of Nasdaq's interest rate swap clearing business.

Cover Sidebar: Power Hungry

Wall Street analysts are bullish on another of Nasdaq's new initiatives, the N2EX British wholesale power exchange.

Cover Sidebar: Nasdaq Experiments With Price/Size

Nasdaq plans to start a third stock exchange later this year using the license it got with its acquisition of the Philadelphia Stock Exchange.

Cover Story: Weathering the Storm

Last Year was a transformative one for Nasdaq OMX. Its flagship stock exchange lost market share. But Nasdaq rebounded as it diversified through acquisitions, allowing it to enter new lines of business, expand into new markets and to offer new products.

2009 Review: Penny Pilot Expanded

As it was in the cash market, so it will be in options. The SEC in September approved a plan by NYSE Arca to expand trading in penny increments to nearly 400 options classes.

2009 Review: Mid-Tiers 'Moving on Up'

Over the past year, while bulge bracket firms struggled to get their respective houses in order, mid-tier trading shops were busy adding new staff, desks and products.

2009 Review: Year of the Microsecond

Mirror, mirror on the wall, who operates the fastest marketplace of them all? It may be Nasdaq. It may be BATS. Both claim that mantle. Both announced breakthroughs in processing speeds this year. But then, so did all the major trading venues.

2009 Review: Trading Tax Scare

Like a horror-movie monster, the trading tax shambled back from the dead in 2009.

2009 Review: Sponsored Access in SEC's Sights

By this time next year, the potentially risky practice of naked access is likely to be verboten.

2009 Review: SEC Under the Uptick Gun

The year 2009 is ending as it began. At least it is on the short-selling front, where angry congressmen are pressuring the Securities and Exchange Commission to put in place restrictions on the practice.

2009 Review: The Past and Future of Flash Orders

A look at the national headlines that flash orders generated this past summer would have left any investor thinking these orders were ready to take over the trading world.

2009 Review: High-Frequency Trading Gets Its 15 Minutes

If anyone in the industry was oblivious to the role of high-frequency traders before 2009, they certainly aren't now.