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Nasdaq Prepares for Web Market Making: Pilot Program Is Prologue to Trading-Cost Reductions

Traders Magazine, September 1998

Om Malik with staff reports

Nasdaq will learn next year just how well an Internet-based market-making trading system performs.

Several Nasdaq trading desks are among the guinea pigs for a pilot program aimed at testing the reliability and security of the Internet-based successor to Nasdaq's Level II workstation. And the results of the pilot will be watched with anticipation, if not bated breath.

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