Themis Trading Blog
<< Go Back

The Blurring Lines Between Stock Exchanges and Brokers

15

October, 2012

Trouble in paradise?  The interconnected world of broker algos and exchanges has been facing some stress lately.  After the Facebook IPO, brokers led by the outspoken CEO of Knight Capital, were screaming that NASDAQ’s failure to open the IPO promptly cost them millions of dollars.  Then of course, there was the Knight algo disaster which was allowed to go on for 45 minutes.  This has stirred the debate of kill switches at the exchange level.

The latest battle amongst the brokers and exchanges is being fought about a proposal by NASDAQ

This content is restricted to site members. If you are an existing user, please login. New users may register below.

Existing Users Login
 Remember me  
Forgot password? Click here to reset
New Users Registration
*Please indicate that you agree to the TOS
*Required field

Post a Comment

You must be logged in to post a comment.

Home | Who We Are | The Themis Approach | Market Structure Analysis | Newsroom | Blog | Contact
Copyrights ® 2012 All Rights Reserved By Themis Trading LLC