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Buyside Balks at Nasdaq Commissions

Traders Magazine, June 2001

Peter Chapman

Despite collapsed spreads and market makers' pleas, the buyside is in no rush to pay commissions on Nasdaq trades.

"This will take six months to get going with any kind of momentum," said Tom Hearden, head trader at Strong Capital Management in Milwaukee. "It's in its infancy. It has buzz. But the buyside has not widely adopted it yet."

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