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An ATS Enters Specialist Game: A Link to Cincinnati and the ITS

Traders Magazine, January 2002

Peter Chapman

Traders who want to act as their own specialists now have their chance. An alternative trading system called Elephant eXpress is making it possible for traders to access the National Market System (NMS) via a link with the limit order book of the all-electronic Cincinnati Stock Exchange. Traders can post their own quotes in the Consolidated Quotation System and trade directly with bona fide specialists and third market dealers over the Intermarket Trading System.

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