FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet, a Nomura company. What is an exchange?

If you have ever traveled overseas or noticed that some magazines list a price in both U.S. and Canadian dollars, you are likely familiar with the concept of exchange rates. Forex markets allow ...

“It seems perverse to me that we would be encouraging centralization,” said SEC Commissioner Hester Peirce prior to a vote on the proposal. The United States Securities and Exchange Commission has ...