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Listed and SuperMontage Growth Plans for Nasdaq

Traders Magazine, October 2003

Staff Reports

Nasdaq will be making special efforts to sign up new listed business next year while the repeal of the trade through rule would help that, Robert Greifeld, CEO of Nasdaq, said at the Security Traders Association annual conference in Arizona. Greifeld has spent a large part of his first few months as Nasdaq head lobbying for the rule's end while trying to boost business for Nasdaq's trading platform, SuperMontage. Indeed, Griefeld is still hopeful that Instinet may start quoting on SuperMontage. That business is currently handled on the Cincinnati Stock Exchange for its Island unit and on the NASD's ADF for Instinet. Greifeld affirmed that Nasdaq has its eye on the NYSE's dominance of the listed stock trading business.

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