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NASD Plan to End Riskless' Double-Trade Reports: Nasdaq Reported Volume Would Dip, But Traders Ar

Traders Magazine, September 1998

Jeffrey L. Winograd

The National Association of Securities Dealers is planning to eliminate the double-counting of Nasdaq market makers' riskless principal trades.

Under a proposal filed by the NASD with the Securities and Exchange Commission, a market maker would only be required to report a riskless principal transaction as a single trade, even though the desk bought or sold shares from another dealer to fill the order the customer sent moments earlier.

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