DATEK Securities says that the automated Nasdaq limit-order trading mechanism--known as The Island System--that it launched in April is attracting increased interest on the part of broker/dealers. Meanwhile, the firm has recently released a World Wide Web browser-based version of the service, called Datek Online.
Datek is among the most active of the controversial so-called SOES-bandit firms, which use Nasdaq's Small Order Execution System to take advantage of market momentum. The Island Syst
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails