A Chinese Menu For Market Makers: New Systems for New Generation of Regs
Traders Magazine, August 2001
A new generation of trading systems for Nasdaq market makers is hitting the Street. Whether it's a new version of the industry standard, BRASS, the in-house system at Salomon Smith Barney, a plugger from the U.K. or a couple of newcomers to the scene, all are bent on solving the problems brought on by new regulations and changes in the trading game. Decimalization, SuperSOES, SEC Rule 11Ac1-5, and capacity increases are key drivers.
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