Below is a letter I sent to The Wall Street Journal editor in chief, Gerard Baker, on Nov. 14, in response to his message about the new format of the newspaper, a kind of Journal Lite, or so he seems to be saying. I’m posting it here just in case he doesn’t read the copy sent to the paper’s […]
Wall Street Journal
Ex NYSE Chief: Regulation NMS was a sad, sad experiment
In this weekend’s look back at the news, Dick Grasso, who presided over the New York Stock Exchange between 1995 and 2003, told hosts of Wall Street Week that the SEC’s 2005 adoption of Regulation NMS was a “sad, sad experiment.” The interview, which was taped Friday, as first reported by The Wall Street Journal, covered a lot of ground, […]