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Speeding Up On the Amex

Traders Magazine, May 2003

Peter Chapman

American Stock Exchange specialists have begun giving automatic executions against their quotes in Nasdaq securities. The move is likely to mollify Nasdaq market makers who have complained to regulators about slow fills and locked and crossed markets on the Amex. The decision represents a concession of sorts by Amex specialists. They have traditionally run auctions in which relatively slow executions are the rule.

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