Panel: 'Direct Market Access Is Dead'
"DMA is dead in its simple form," said Rishi Karir, vice president of advanced execution services at Credit Suisse, last week during a panel discussion at the DWT 2007 conference in London.
Reg NMS has shifted liquidity away from the New York Stock Exchange (NYSE) to a number of electronic communication networks (ECNs), explained Karir. This growth in the number of liquidity pools will force the sell side to go beyond providing direct access to specific markets and provide direct access to the
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