Reg NMS weathers the storm

It did not get a lot of attention with the credit crunch dominating the news, but the phase-one launch of Regulations NMS has gone well, according to this article from Financial News Online. One guy likened it to Y2K. For many companies, the preparation has really paid off. That the launch occurred in a period of relative volatility is added reason to cheer. But a bigger test looms. The phase-one launch included only 250 stocks. Starting August 20, all stocks in the Nasdaq, NYSE and American Stock Exchange universe are set to be added. If this coincides with another spike in trading volume, well, it will provide an even greater test. Most people assume that the system is up to the task.

For more:
- here's some analysis from the Tabb Group