Reports Predict Costly Volume Rises
Based on current growth rates and factoring in the anticipated effects of Reg NMS, research firm TowerGroup estimates that the total number of quotes on the New York Stock Exchange will increase by 21,000 percent by 2012 to around 400 billion per year.
"We've already seen the trend of execution size falling to around 300 shares or less on average, which requires more trades to fill an order … which means more quotes because people are not showing their size, which means more pinging of orders and
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