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08.16.2016
From The Markets

Simplicity Is the Goal of Nasdaq’s New Order Type, CEO Says

08.16.2016

Nasdaq plans to offer a new order type aimed at long-term investors, the company announced Monday. The exchange operator expects to have the new order available for use by the end of year, said Nasdaq Chief Executive Officer Bob Greifeld, pending approval from the U.S. Securities and Exchange Commission. The order will allow an investor to get priority in the trading queue by committing to not change or cancel their trade for a period of one second.

“This is a revolutionary new market structure wrapped up in an order type,” Greifeld said in an interview. “I think the great innovation of this approach is the simplicity of it.”

The new offering comes as IEX Group Inc. prepares to begin trading on Friday after winning approval to operate as a full-fledged stock exchange. The company, which currently runs a private trading venue known as a dark pool, has for years courted long-term investors with its “speed bump,” which slows orders down by 350 microseconds with the aim of dulling the advantages of high-speed traders.

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marketsmedia Markets Media @marketsmedia ·
3 Oct

Markets Media Group was pleased to host the 2025 European Women in Finance Awards last night at Claridge’s in London.
#WomeninFinance #WIF #EuropeanFinance #FinanceCommunity

See the full list of winners here: https://www.marketsmedia.com/2025-european-women-in-finance-awards-the-winners/

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30 Sep

We are excited to announce the finalists for the 2025 U.S. Women in Finance Awards! Congratulations to all!

Check out the full list here:


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30 Sep

Nominations are NOW OPEN for the 2026 Women in Finance LatAm Awards! Do you know a standout leader, innovator, or rising star? Nominate her today!

Learn more & submit your nomination:

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24 Sep

HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

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