The explosive growth of Electronic Communications Networks (ECNs)--computerized venues for trading securities--has forced the New York Stock Exchange and NASDAQ to alter their visions of the future and has raised fundamental questions about how securities markets should be structured and regulated. This conference will review the changes that seem...

The SEC should eliminate the "trade-through" rule altogether, not extend it to Nasdaq markets.

If the SEC should decide to take up the question of market structure, its choices would not be seriously limited by restrictions or mandates in its existing legal authority.

Exchanges are at last being exposed as anchronisms, sustained by inertia and by the desire of incumbents, with help from regulators, to keep raking in monopoly rents.

Private equity has been the subject of much recent controversy due to the lingering threat of a recession.

The SEC should open competition between electronic market centers and the NYSE by eliminating the trade-through rule.

With all of the recent attention focused on corporate and accounting fraud, few investors are aware that the SEC now has before it a decision that could radically change the structure of today's securities markets.

The authoraddresses whether the Securities and Exchange Commission should permit the electronic order-matching markets to compete with the New York Stock Exchange.