TRADING TALK

A Year in Review (Sort of) and a Holiday Gift List for the NYSE
December 21, 2005
Nasdaq Pilot on Rebates for NYSE-listed Securities willl Compromise Broker Duty of Best Execution; Reg NMS Implementation Risks Delay
November 22, 2005
Random Thoughts of a Commuter: Soft Dollars, Unbundling and the Hybrid
October 25, 2005
A Diamond in the Rough: The Potential for a Crossing Network to Emerge from the Hybrid
September 23, 2005
NYSE Hybrid Market Amendment #5: As More Meat is Added to the Bones, Some Bites are Hard to Swallow
July 28, 2005
Dynamic Duo to Duel Duopoly? A look at the Citadel/Merrill investment in the PHLX and the potential challenge to the NYSE and Nasdaq
June 27, 2005
Floor Trading 101: A quick look at the CAP order
June 3, 2005
Sell-Side Algorithmic Offerings: Don't Believe the Hype (at Least not Yet)
May 13, 2005
Deja vu: Consolidation Leaves Two Old Rivals in Head-to-Head Competition Once Again, but this Time with Modern Day Automation
April 26, 2005
Waiting for Godot: Reg NMS to be Settled this Week, Hybrid Market Still a Long Way Off
April 5, 2005
SEC comment letter on SROs and musings on an early-open at the NYSE
March 8, 2005
Latest Thoughts on Reg NMS and Summaries of Comment Letters from Major Industry Participants
February 11, 2005
Practical Floor Tip — The No Specialist Parity Instruction
January 28, 2005
Comment Letter to the SEC on Re-proposed Reg NMS and Trade-through
January 26, 2005
The NYSE's Hybrid Market Initiative: Part III
January 3, 2005