Trading Technology At The Crossroads: Battle Lines Drawwn Over Program Curbs
THIS WEEK'S LEAD STORIES
The twin forces of technology and deregulation have created an electronic highway speeding money to whatever market offers the best return. In the wake of the stock market collapse, regulators and exchange officials are trying to put on the brakes.
Last week, the NYSE asked member firms to refrain from using its Superdot system for stock index futures arbitrage until further notice. Since many firms use Superdot for split-second transmission of basket orders, the NYSE's action amounted to an
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