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Many STA Members Favor Charging Nasdaq Commissions Over Spreads

Traders Magazine, October 1998

Michael L. O'Reilly

As many as 70 percent of respondents to a recent survey by the Security Traders Association said that Nasdaq desks should charge institutional clients agency commissions rather than trying to make money on spreads.

The results of the survey, conducted by Laura Cooley, an STA strategist, during an October 5 business meeting at the organization's annual conference in Boca Raton, suggest a definite consensus among Nasdaq traders that spreads have narrowed beyond the limits of profitability on institutional trades.

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