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The NYSE Revamps Floor Broker Technology
The NYSE is giving floor brokers new wireless handheld PCs to participate in a hybrid market subject to SEC approval. The project is a big win for IBM.
Electronic Trading Newsflashes
Survey Reports 74 E-Bond Trading Platforms With Move Into Derivatives; ITG Europe Eyes Purchase of E-Crossnet; Wedbush Morgan Securities' Maximus DMA Platform Supports Nasdaq Opening and Closing Crosses
SEC Shocks the Industry With Revisions to Reg NMS
The industry is raising concerns over the SEC's proposed overhaul of market structure, which includes price protection for displayed orders and an inter-market sweep.
FutureTrade Turns Direct Access Platform Into a Service Bureau
With major banks and brokers owning direct-access trading platforms, FutureTrade sees an opportunity to launch a neutral service bureau for other broker-dealers to white label.
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