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Traders Fight Nasdaq's Proposed Trading System

Traders Magazine, December 1997

Jeffrey L. Winograd

Some leaders in the trading community have stepped-up the fight against a central limit order book, the controversial system at the center of an integrated trading platform the National Association of Securities Dealers is hoping to implement.

On Dec. 22, the NASD sent a rule filing on the new system to the Securities and Exchange Commission for public comment.

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