Traders Magazine, June 2002
Setback *The Boston Stock Exchange has suffered a major setback in its ambitious goal to compete with Nasdaq. Both K&S and Moors & Cabot have ceased making markets in Nasdaq stocks on the floor of the BSE. The exit by the two specialists leaves Melvin Specialists as the sole Nasdaq dealer at the Boston exchange. All three were part of the Boston's original plan to trade 1,000 Nasdaq names in its bid to wrest order flow from Nasdaq.
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.