Wick Rips Critics, Defends Nasdaq
Traders Magazine, December 2001
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.
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