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Dealers See Chance for Trade-Through Protection

Traders Magazine, November 1999

Peter Chapman

The order display facility proposed by Nasdaq could bring trade-through protection demanded by dealers.

The proposal envisages a "super montage" accessible by market makers and electronic communications networks, which aggregates trade sizes at various price levels. The plan to integrate SOES and SelectNet could substantially reduce the incidence of orders that are "traded through," some trading officials say.

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