Little Known SIP Vote Determines Control of Stock Pricing, Conflicts Questioned

HFA Padded
Mark Melin
Published on
Updated on

Moves are underway to place control of a key piece of plumbing inside the stock market in the hands of an exchange that regulators have called into question as long standing concerns are raised regarding potential conflicts of interest. Sources indicate the process has come down to two bidders: The NASDAQ, which is said to have operated the SIP for decades, and a second bidder. SIP vote to take place on October 8 A vote to determine control of a little known contract to disseminate stock quotes to investors, simply called “the SIP,” or the Security Information Processor, will take place…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.