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Nasdaq Prepares for a Better Market Opening

Traders Magazine, June 2003

Peter Chapman

Nasdaq could soon start the day with a single price opening. Mike Edleson, Nasdaq's chief economist, told attendees at a recent symposium on institutional trading at Baruch College in New York City, that Nasdaq planned to roll out a single price opening "as soon as possible." The advent of a single price opening would be a dramatic change from the current opening process on Nasdaq. Today, the market opens with the posting of multiple bids and offers in each of the thousands of Nasdaq securities.

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