Standard & Poor’s (S&P) will pilot calculating closing prices based on the American Stock Exchange’s (Amex) closing prices for twelve Nasdaq-listed stocks in the S&P 500 starting Dec. 1, it said last week. The pilot will run through early 2004.
The initiative is part of a program to assess whether the use of Amex’s closing prices will improve the accuracy of the S&P 500’s opening and closing prices, which are currently computed using Nasdaq’s closing prices.
"For a long time S&P has been awar
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails