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Buyside and Sellside Split On NASD Limit Order Book: Majority Would Be Compelled to Use Nasdaq Fi

Traders Magazine, March 1998

Staff Reports

About 70 percent of sell-side traders interviewed in a new survey have expressed opposition to Nasdaq's proposed consolidated, or central, limit-order book. An equal proportion of buy-side or institutional traders, however, are in favor of the book.

If there was to be a Nasdaq-sponsored central limit-order book, approximately two-thirds of all respondents, both buyside and sellside, said they would feel compelled to use it.

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