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Taking Another Stab, A Lame ATS Retools

Traders Magazine, November 2003

Peter Chapman

NYFIX is making fundamental changes to its much-criticized and loss-ridden alternative trading system, NYFIX Millennium. As of January 1, NYFIX will permit limit orders sitting on the Millennium book to interact directly with orders at other market centers. Currently, they only interact with orders passing through Millennium en route to the New York Stock Exchange.

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