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Article: Reg NMS is Forcing First- and Second-Tier Prime Brokers to Gear Up and Be Competitive and SEC-Compliant, Says TABB Group.
- Article from:
- Business Wire
- Article date:
- March 14, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Estimates that Broker Spending in 2006-2007 on RegNMS for Low-Latency Connectivity, Order Routing and Market Data Aggregation to Exceed $80 Million
NEW YORK -- A new TABB Group research note released today, "Reg NMS: Launching the Next Arms Race", reports that brokers' trading systems are changing at an even faster pace in response to the implementation of Reg NMS by the SEC, requiring even higher levels of routing complexity, faster execution speeds and bulging storage capacity. According to Larry Tabb, CEO and TABB Group founder, "this is the first report industry-wide that examines the state of brokers in a post-Reg NMS period since its recent implementation. ...