Wall Street Letter Volume XLV Issue 17 | Page 6

NEWS In the first month of equity trading on the platform, Bovespa hit several highs, including achieving a message record of 385,374 messages in a minute, and separately 16,550 trades in a minute. While the platform is designed to handle significantly higher levels of traffic, Studnitzer said the increases – representing a 30-fold improvement in performance over the previous system, – show immediate benefits in trading and liquidity. “When we look at the increases in peak trading and their ability to list new stock, the ability to drive efficiencies and increased risk management in the platform, that is what we are about,” he added. MARKET STRUCTURE 06 Focus market reform on small caps, industry says Industry executives want market structure reform to focus on smallcap stocks, but they want regulators to leave large-caps alone, according to comments made across multiple panels during the Securities Industry and Financial Markets Association’s Equity Markets Forum on May 15 in New York. Noting the market works perfectly for highly liquid stocks, such as Apple, Bank of America and Go ??????????????????????????????????????????????????????????????????????????????????????!??????????????????????????????????????????????????????????????????e????????????????????????????????????)?????M????????????????????????I????????M??????????????e???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????Q??????????????????????????()??????????????????????????????????????????????????????????)????)????????????????????????????????????????????????????????M????????????????????????????????????)?????????????????????????????????????????????????????????????]?????????????????????????Q??M?????M??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????U??????????????????????????????????????????????????????????????????????????????]????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????d?A=MP?QI()????????????????????????t???e ???????????????????q%?e???????????????????????????????t?!???????????????????e????????????????????????????????????????????????????????%9Q0? ?M??????????????????????????????????????????????????????? ???????????????????????????????????????????????????????????????????????M????????????????????????????????????????????????????????????????Y????????????????????????]M0??5I-P?MQIU QUI() ????M????e?5????????????????????????QL???????????)???5????????????????UL????????????????? ????M??????????????????????????????????????????????????????????????????????????????????????????????????????????M???????%???????????????????5??????????????e??????5????????????5????????9??e???? ?????????????????????????????????????????????????????????????????????????????q????????t???????????????q?????????????????????t?5????????????????????????????????????????????????????????????????????????????????????QL????????????????q?????????????????????????????MI