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Traders Magazine, December 2002

Editorial Staff

SuperMontage *SuperMontage is improving Nasdaq trading. That's according to new statistics from Nasdaq and interviews with Nasdaq executives and market makers. Nasdaq's new system, which now trades all 3,900 of the market's securities, has produced greater depth, faster executions and higher fill rates. "It's working just like Nasdaq intended," said Jim Miller, head trader at Robert W. Baird & Co. "It's much easier to hit and take stocks. And we're seeing a lot more size." That's because traders are placing more of their orders in reserve than they were under SuperSOES, according to Miller and Nasdaq data.

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