Free Site Registration

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.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?

Advertisement

Advertisement