From Jim Ross: MatchPoint provides precisely the type of liquidity-aggregation and lowest-possible-trading-cost environment that complements if not unleashes the full potential of trading algorithms.
Fropm Todd Wilemon: The Options Industry Council (OIC) puts on seminars across the country to inform and educate investors and traders about exchange traded options. They offer a variety of seminars from a basic class on options to a class on volatility.
The alternative-trading-system model is "free form and flawed. I think it needs to be reformed," says the head of Matchpoint, NYSE Euronext's point-in-time crossing platform.
From Scott Cutler: Everybody was watching this week to see if the IPO market could get some legs again. The successful debuts of Bridgepoint Education and Rosetta Stone on NYSE Euronext effectively doubled the number of IPOs we have seen in the market this year and will help to lay a foundation for a stronger market that is really important for our economy.
These two events highlighted the changes in and importance of investors, traders, pricing and the effects of IPOs on the overall economy. Here are my observations on what we learned.
From Todd Wilemon: Your favorite options trading platform that provides you with immediate, cost-effective electronic order execution will now be able to handle buy writes, delta neutral single-leg option orders (tied to stock or ETF), married puts and reversal conversions. This functionality is available for every issue listed on the NYSE Arca options platform.
"Noble. Constructive. Admirable.
"When was the last time anyone thought of Wall Street like that?
"There was a moment, a very public one well within memory, that was all of those things. And it might help the coming generation of business leaders to keep its lessons in mind.'"
I'll be out of the office until 20 April, so posting here will be a little lighter than usual.
In the meantime, when did they start putting glitter in the egg-coloring kits? That's kinda neat. Move over a little, let Dad take a look. C'mon, take it easy, you're not using this egg right now, are you? Hey, I wanted to use the purple! ...
Amid crisis, a crisis solver is recalled.
Larry Leibowitz, our group exec VP in charge of U.S. Markets and Global Technology, is scheduled to be on Bloomberg TV at 9 a.m. today to talk about restricting abusive short selling.
“It isn’t eighths and quarters or decimal points — it’s people."
Tabb says: "Who cares about the intermediaries? Aren't they just speculators? Yes, but they are regulated speculators chartered to bridge demand and dampen volatility. In a world long ago (pre-2000), intermediaries developed research, underwrote new issues, supported securities in the secondary market, and provided insight to investors and corporations. All of these services have been undermined."
Here's an excellent example of how the customer gains a very real and direct benefit from our having multiple markets and products under the NYSE Euronext umbrella.
