NMS "Misrepresentations"
Traders Magazine, June, 2005 by Gregory Bresiger
Although his official dissent hasn't been published yet, SEC Commissioner Paul Atkins recently railed against the approved Reg NMS market structure reforms.
Atkins complained that the SEC approved Reg NMS without regard for cost or how it will disrupt trading firms. He said NMS, "although clothed in noble-sounding objectives, is rooted in fundamental misconceptions about how the marketplace actually functions."
Atkins also charged that the SEC "punted" on new rules for electronic block trading systems, preferring to let the staff use no-action rules to govern these systems.
"That," Atkins adds, "is an amazing abdication of responsibility, particularly because it is anyone's guess how the staff will come out on the issues."
(c) 2005 Traders Magazine...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express