NYSE Blames Basket's Failure On Program Trading Controversy
THIS WEEK'S LEAD STORIES
Officials at the New York Stock Exchange and the Chicago Board Options Exchange blame a renewed backlash against program trading for the infinitesimal trading volume in their new basket products. The baskets, both based on the Standard & Poor's 500 index, began trading on Oct. 26, just as public fear of program trading was rekindled after the market plunge of Oct. 13 (TST, Nov. 6).
The Big Board says it plans technological enhancements to its basket trading system that should stimulate trading
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