Additionally, a commonXMLdatastructurecanimprovetheintegrationbetweene-commerce players, allowing them to tradeorders, stockinformation, andshippingdetailsmoreefficiently.
Institutions will be able to put large block-trade orders into the system safe in the knowledge that no information about their intentions will leak into the market before the order has been executed.
Beginning today, all tradeorders are supposed to be routed to whatever exchange offers the best price, meaning markets like the NYSE Group 's Big Board could lose share to smaller regional exchanges and electronic networks.