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NYSE Says Good Bye to Specialists; Hello DMMs
Some media outlets are reporting that the new rules could spell the end for the Hybrid Market, which the NYSE launched in 2006 as a way to comply with Regulation NMS.
NYSE Redefines Specialist Role in Sweeping Regulatory Filing
NYSE phases out specializes in favor of new DMMs to speed up electronic executions.
Liquidnet Founder Seth Merrin Calls for Greater Cooperation Between Exchanges and ATSs
Merrin points to the reduction in average execution size on exchanges as evidence that the current market structure is "broken."
SunGard Offers Dark Aggregation Service as Part of Its Liquidity Services Suite
By using smart order routing logic to let customers sweep dark pools before routing orders to displayed markets, the new service supports the SunGard's Liquidity Services to help customers make informed trade execution decisions and reduce trading costs.
Exchange Fee Confusion Abounds, Study Finds
Investment banks' confusion over the exchanges' widely disparate market data fee structures exposes banks to hidden costs and fines.
Nasdaq OMX and BATS Trading Gear Up for Pan European Initiatives
Nasdaq OMX and BATS Trading Gear Up for Pan European Initiatives
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