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SuperSOES ReliefFor Market Makers?

Traders Magazine, September 2001

Gregory Bresiger

Market makers, complain ing about the SuperSOES system and competition from ECNs, may be about to receive some help. Their liquidity display requirements may soon be changed. Nasdaq officials are pushing to ease reserve requirement rules, which are not a factor for competing ECNs. The proposed Nasdaq rule change would decrease market makers' reserve size requirements in the SuperSOES automatic execution system, a system that is currently a big money loser for market makers, according to one expert on U.S. market structure.

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