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The Windy City's Auto-Ex Democracy

Traders Magazine, February 2004

Editorial Staff

Auto-ex ain't what it used to be at the Chicago Stock Exchange. The Windy City marketplace, long famous for its automatic executions of small orders, has quietly dismantled its Midwest Automated Execution system, or MAX. Instead, it is allowing its specialists to decide whether or not to offer automatic executions using their own technology.

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