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Island and Instinet Skip the Launch

Traders Magazine, October 2002

Gregory Bresiger

SuperMontage went active and was trading a handful of stocks by the middle of October, but Nasdaq officials were privately saying that they will have some 1,000 stocks by the end of November. "Most ECNs, except for Island and Instinet, have signed on to use the SuperMontage," noted a Nasdaq source who didn't want to be quoted by name, as Traders Magazine went to press. He said that soon Nasdaq will be reporting the results of its new trading platform. "By the end of November we will have an extensive record and will likely call a press conference to demonstrate how well we are doing," he said.

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