WASHINGTON, DC--Securities and Exchange Commission chairman Arthur Levitt last week laid the blame for the delay in decimalization at Nasdaq’s door. Decimalization, which the SEC intended to phase in starting July 3, has now been officially delayed.
The National Association of Securities Dealers (NASD) recently expressed concern about its readiness to proceed with the conversion to decimal trading. Association chairman and CEO Frank Zarb sent a letter to Levitt at the SEC earlier this year t
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails