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Big Board OpenBook Quote Depth Concern

Traders Magazine, November 2000

Peter Chapman

Technology executives at the New York Stock Exchange are scratching their heads over how to build a major piece of the Big Board's much-anticipated OpenBook.

The data feed, slated to debut in May, gives traders off the floor a look at specialists' limit order books. The launch will follow the NYSE's conversion to decimal-pricing which has seen tick sizes drop on some stocks from six cents to a penny.

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