One of his key points: Using transparent, regulated markets to bring more sunlight and liquidity to opaque, less regulated securities would be preferable to writing reams of new regulations.
Hello and Happy New Year! A new voice is being added to the Bonds blog – mine! I did mention “news,” so on the news front, we have a few new developments.
Links for 9 August, 2007. Among them: results of the Traders Magazine survey about the NYSE Hybrid Market; NYSE Euronext trading volume grows across the markets; NYSE Bonds enlists market makers; NYSE lists 40 Chinese companies valued at $1 trillion total; and the world's most famous market may be at 11 Wall St., but it's not the world's biggest. Plus: happy birthday, John Dryden.
Links for 3 August, plus: What breathes the species.
"The exchange already is almost all electronic, but a lot of the electronic trading is the specialists and the brokers on the floor," Thain said at a conference at Baruch College in New York. "They will continue to add value, which means there will continue to be a floor."
For those of you interested in price improvement and market quality (and isn't that just about everyone?), I would recommend listening to a couple of excerpts of yesterday's conference call about NYSE Group quarterly earnings. Plus: other links for April 27, 2007.
Links for April 18, 2007, including: a professor says Reg. NMS will stifle competiton instead of promoting it; what do you think? Plus: bonds on the way; historical diversity at NYSE; and the first game played at Yankee Stadium on this date in 1923; guess who the Yanks beat?
Links for April 17, 2007. Plus, a little bit of this:
A: Come in.
M: Ah, is this the right room for an argument?
A: I told you once.
M: No you haven't.
A: Yes I have.
M: When?
A: Just now.
M: No you didn't.
A: Yes I did.
M: You didn't.
A: I did!
M: You didn't!
A: I'm telling you I did!
M: You did not!!
A: Oh, I'm sorry, just one moment. Is this a five minute argument or the full half hour?
M: Oh, just the five minutes.
A: Ah, thank you. Anyway, I did.
Links for April 2, 2007. And happy birthday, Emmylou Harris.
NYSE plunges into bonds; auto-routing nears completion; saluting the legacy of African Americans in financial services; and Robert Frost talks about the dangerous mind.
