specialists are not going away yet

Discussion in 'Trading' started by Free Thinker, Nov 4, 2003.

  1. 14:02 ET NYSE Interim Chairman says Exchange will remain specialist-biased
  2. burnin


  3. than market makers, but they obviously need to be more strictly regulated.
  4. Tea


    I think its out of his hands. But then again, what did you expect Reed to say? :D

    They can keep the specialist system, as long as the ecns are on an even playing field and instant execution is required - the structure of the NYSE is irrelevant.
  5. Cheese


    Thats good news Vhehn.
  6. i find it comical every time i see nichols of instinet on there complaining about manipulation and specialist abuses, when on the instinet commercial itself, there is a guy working a large buy order, and he says "alright, i'm going to try to bring it in now." not hypocritical at all.

    i never understood his argument either. you can post ECN bids and offers all day long as it is.