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Nasdaq Dismisses Monopoly' Claims: Berkeley: ECNs Will Have 460 Market Maker Competitors

Traders Magazine, September 2000

William Hoffman

The revolutionary system will transform Nasdaq into a super electronic communications network. And not everyone is pleased.

After about 12 months of debate, seven amendments, and four extended comment periods, most securities industry participants who aren't ardent supporters of Nasdaq's supermontage proposal have at least resigned themselves to it.

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