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Nasdaq World Domination

Traders Magazine, May 2000

John A. Byrne & Sanford Wexler

Nasdaq's earliest effort at becoming a global stock market was a failure.

The Nasdaq International System (NIS), launched in 1992, guaranteed overseas traders two-sided continuous markets posted by some of the largest dealers in the U.S. But that flurry of support was soon whittled down to one reluctant player, Cantor Fitzgerald in New York. The basic premise of NIS was flawed.

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