BRIEF OBJECTS

BRIEF OBJECTS

SIA SOUNDS ALARMS OVER OPTIMARK LAUNCH

The Securities Industry Association (SIA) has sounded an eleventh hour alarm over Nasdaq's plan to use the Optimark trade matching system as a facility of the market. Optimark's screen-based trading service would be used by NASD members and some non-members to submit "profiles" to represent trading interest anonymously across a range of prices and sizes and search for matches of securities listed on the Nasdaq. In an August 26 letter to the SEC, the SIA

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TMX’s indexing pivot bears first fruit

The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

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