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Exchanges are mobile, and electronic trading platforms don't need a physical location.
Because these trades show up on electronic trading platforms away from the Big Board, exchange specialists' share of trading volume can decline significantly.
If it institutes such a provision, investors seeking speedier trades could use rival electronic trading platforms, taking market share away from the Big Board.
On top of potential asset bubbles, risks include the increased reliance on electronic trading platforms and proliferation of trading algorithms, the BIS said.
Mr. Thain, a former president of Goldman Sachs, presided over that firm's many investments in electronic trading platforms, including an initial stake in Archipelago.
Specifically, the Act provides important legal certainty for energy and other transactions occuring both on an over-the-counter (OTC) bilateral basis and on multilateral electronic trading platforms.
Similar(33)
The CME this week announced the billionth trade on its Globex electronic trading platform.
bills itself as the world's first global spot electronic trading platform for voluntary carbon credits.
The Eurex will operate during the same hours under the joint electronic trading platform.
CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.
And the NYSE will soon go public itself, via a merger with Archipelago Holdings, an electronic trading platform.
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