Commentary

David Weisberger
Traders Magazine Online News

Stop the BS & Promote Real Transparency!

In this shared blog, David Weisberger says a recent WSJ article is wrong and that traders do need to purchase faster and more comprehensive market data to avoid being fined for violating "Best Execution" obligations.

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April 1, 2004

Nasdaq Platform Breaks Ground

By Staff Reports

Nasdaq's much ballyhooed closing cross has won approval by the Securities and Exchange Commission. At the same time, Nasdaq is also moving ahead another step with the SuperMontage 4.0 platform. It has completed the migration of American Stock Exchange and New York Stock Exchange listings. These include exchange traded funds on the SuperMontage.

The ability to trade in several venues on one platform was heralded by Nasdaq as a decided advantage. The expanded platform - which has FIX connectivity, anonymity, multiple order types and participant IDs - will also help those using index-based strategies, Nasdaq said.