Free Site Registration

Wick Rips Critics, Defends Nasdaq

Traders Magazine, December 2001

Gregory Bresiger

Some critics of Nasdaq's SuperMontage plan and its transformation to an exchange are "arguing for the self-serving status quo," Hardwick Simmons, chief executive and chairman of Nasdaq, wrote in a recent letter to The Wall Street Journal. "SuperMontage," Simmons wrote in defending Nasdaq's transformation to an exchange, "will greatly enhance its (Nasdaq's) competitiveness vis-a-vis the unregulated electronic communications networks that currently snuggle in its branches.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?