Changes to ITS

[RobertMcLister]

Here's an interesting article for those interested in trade-through reform:

http://www.wallstreetandtech.com/showArticle.jhtml?articleID=17603350

Among the notable points:

* The story quotes sources that suggest the trade-through rule will be repealed (unlikely) or amended by June.

* According to the article, most NYSE traders "choose to wait an average 11 seconds to get an opportunity for (price improvement" versus routing via Direct+.

 

[LuvDaMkts]

Pretty soon we'll be trading listed stocks with a Level II window just like we trade the Naz. Me thinks that if you rely on the "specialist system" to make a living, it's time to change your stripes.

 

[JMartinez]

Direct connections are key...