Instinet Wants Real-Time Quotes From NASD-I

THIS WEEK'S LEAD STORIES

Reuters Holdings PLC's Instinet Corp. subsidiary criticized the National Association of Securities Dealers' (NASD) plans to launch an international service in the U.K. in comments filed with the Securities and Exchange Commission. The comments, filed Aug. 22 in response to the NASD's 90-33 rule change proposal to the SEC, were seen by industry observers as part of an attempt by Instinet to stave off competition internationally from the NASD.

The NASD is seeking SEC clearance for its proposed

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‘Feature, not a bug’: Bloomberg makes the case for Figi

Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.

Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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