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Nasdaq's New Weapon To Bring Back Dealers

Traders Magazine, August 2003

Peter Chapman

Nasdaq's plan to offer post-trade anonymity within SuperMontage could entice market makers back from ECNs, traders say. Pending approval from the Securities and Exchange Commission, Nasdaq will no longer reveal the identities of dealers posting quotations in the SIZE acronym. Currently, market makers using SIZE for pre-trade anonymity must give up their true IDs following an execution.

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