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Nasdaq's Montage Facility Still in Play - Done Deal? Industry Trading Brass Rai

Traders Magazine, November 1999

William Hoffman

Nasdaq's proposed super montage, order-display facility is generating plenty of comment among traders as the Securities and Exchange Commission conducts its public review period.

"This is not a welcome development to us," said Bloomberg Tradebook chief executive Kevin Foley. The montage is designed to collect, aggregate and display pre-trade information from Nasdaq market makers and electronic communications networks. Officials at the National Association of Securities Dealers are confident the montage proposal will be acceptable to the SEC and the trading community.

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