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Face To Face: Market Makers Confront NASD Officials:Does Nasdaq Trading Proposal Put Traders in D

Traders Magazine, January 1998

John A. Byrne

About 65 traders had a private meeting with Nasdaq officials last month at New York's Marriott Financial Center. The officials stood before the crowd of market makers with a strange air of optimism and resignation.

The crowd came seeking the truth: Will the integrated order-delivery and execution system proposed by the National Association of Securities Dealers bore a big, gaping hole in their bottom line?

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