Free Site Registration

Is ADF Dead on Arrival? Some Skepticism Over the Future of System

Traders Magazine, May 2002

Peter Chapman

The Alternative Display Facility, the NASD's new trading venue, is slated to launch soon, but some in the industry are not happy about it. The ADF was mandated by the SEC as an alternative to Nasdaq's SuperMontage. It is a members-only quote-posting facility similar to the original Nasdaq of 30 years ago. The system will broadcast a "montage" of market maker and ECN quotes to members via market data feeds. Stocks traded include Nasdaq issues, as well as those listed on the New York and American Stock Exchanges.

Get access to this article and thousands more...

All TradersMagazine.com 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?

Advertisement

Advertisement