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Comeback for NASD's Limit-Order Book? Zarb's Comment Revives Hopes, Concerns About Proposal

Traders Magazine, April 1999

William Hoffman

Less than a year after the proposal died in a hail of criticism from market makers and other opponents, National Association of Securities Dealers Chairman Frank Zarb revived with one remark the idea that the NASD create a consolidated limit-order book.

Zarb told a recent gathering of the Independent Broker Dealers Association (IBDA) in New York that he was counting on them to support the proposal, according to published reports. Traders Magazine was unable to confirm the report directly.

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