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Nasdaq's For-Profit 'Disclosure' Boo-Boo

Traders Magazine, June 2001

Gregory Bresiger

Nasdaq has just failed at a money- making opportunity.

The Nasdaq Resource XQ has been scrapped, Nasdaq sources said. It made the decision after deciding that "it would not be a viable business opportunity." The service has been intended to help market-making firms comply with the Securities and Exchange Commission's new 11Ac1-5 rule, which detailed monthly reports detailing execution quality.

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