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SuperSOES Not So Super - Nasdaq Goes Back to the Drawing Board

Traders Magazine, July 2000

Peter Chapman

Nasdaq's postponementof its SuperSOES, the third delay since April, will allow it to retool a major part of the trading system. Back in April an expanded SOES was earmarked to replace SelectNet as the principal inter-dealer trading system.

Now Nasdaq is redesigning the timer that regulates the frequency at which a market maker at the inside will receive automatic executions against SuperSOES. The system's debut is now slated for the fourth quarter.

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