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A New System Promises To Police Trading Abuse:But Sending Real-Time Trade Data to Regulators Will

Traders Magazine, March 1998

Om Malik

Traders hate rude interruptions. A breakdown in market-data systems leads to pandemonium. A faulty telephone connection is taboo.

So it is with a certain resignation that Nasdaq market makers are bracing for another interruption, and with nary a word of protest the implementation of the Order Audit Trail System, or OATS.

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