Wall Street Letter VOL. XLV, NO. 32. - Oct. 7, 2013

THE DEFINITIVE SOUR CE FOR TR ADING NE WS
VOL XLV ISSUE 32 10 – 16 OCT 2013

www.wallstreetletter.com

IN THIS ISSUE
News People moves 04
Focus Fee chart 10

MORE NEWS INSIDE

GoldenSource
offers EDM suite to
emerging exchanges
GoldenSource is fielding requests
from emerging marketplaces in
response to a need for granular
data management capabilities
TURN TO PAGE 05

Custom House preps
portal launch
The administrator has opened
a new office in advance of the
launch of an online portal
TURN TO PAGE 06

Perseus’ deployment
in Chicago rounds out
reach
The company launched the service
in partnership with CME Group
TURN TO PAGE 07

TOP STORY

Mixed reviews for SEC
plans at STA caucus
BY SEAN CREAMER

Participants at the Security
Traders Association’s 80th
Annual Market Structure
Conference have mixed
opinions concerning the use
of a website that collects trade
data from the US markets to
support the SEC’s plans to
better understand US equity
markets.
In a speech that opened the
event last week, SEC chairman
Mary Jo White detailed plans to
use a Market Information Data
Analytics System (MIDAS),
which was built by highfrequency trading technology
vendor Tradeworx, to process

and comprehend equity
markets data.
The data, which comes from
the consolidated tapes and
proprietary exchange feeds,
will also be posted on the SEC
website for broad review, White
stated.
While participants agreed
this initiative will provide a
deeper look into equity market
structure as intended, some
questioned the timing and
asked why the move wasn’t
made sooner. Some also noted
the initiative may be a simple
ploy to instill consumer
TURN
confidence as many
TO
PAGE
market participants
already access the data.
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