Exchanges Ignore Brady Plea For Intermarket Coordination
THIS WEEK'S LEAD STORIES
The presidential task force led by investment banker Nicholas F. Brady concluded that the equities, options and futures market are one market, but the message has fallen on deaf ears.
In the two months since the Brady report was released, exchanges have continued to make decisions without considering their impact on related markets.
The New York Stock Exchange's ban on its Designated Order Turnaround system for stock index arbitrage if the Dow Jones Industrial Average moves 50 points or more in a
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