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Traders Trash Manning In Decimal Environment

Traders Magazine, March 2001

Peter Chapman

Traders are angry at Nasdaq because they contend it is forcing them to trade at a loss when filling certain customer orders for stocks quoted in decimals.

Nasdaq's Manning Rules dictate that they pay more than the customer's limit when filling buy orders and accept less when filling sell orders, they complained at a recent Town Hall Meeting in New York sponsored by the Security Traders Association of New York.

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