- Mar
- 27
- 2006
- 8:46 AM
Focusing on the facts
- By: Ray Pellecchia
- File Under: NYSE, NYSE
It [the Securities Industry News article about industry preparedness for NMS, blogged here] was quite a lot to wade through, and left me with quite a few questions.
How is NYSE reassuring its trading users and their technology vendors about the potential regulatory and operational effects of a NYSE bid for London--coupled with the recent signing of a cooperation agreement between the FSA and SEC--on the Reg NMS requirements they have been spending so much money and effort preparing for?
Cheers,
Maybe that's a loaded way to put it. How about this? Do you find yourself being asked that question? Have you found that to be an issue or concern? And if so, how would NYSE address such uncertainties?
-- Colin Brayton, http://blogalization.nu/marketmachines
Colin -- Thanks for the question. A brief survey of my colleagues who speak with the buy and sell sides and vendor community indicates that they, like everyone else here, get questions about the latest rumors, but people know that we can't comment on the speculation.
Our approach is to focus on the factual -- we're implementing our Hybrid Market, here's what we're building, here's what you need to do to access us. Particularly on Hybrid, we've taken care not to post specs for products and services until they're approved and finalized. Overall, I think we have a pretty good track record of not crying wolf.
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