Commentary

Jos Schmidt
Traders Magazine Online News

Reducing the Regulatory Burden on Public Companies, Yes Please But...

In this commentary, NEO's Jos Schmidt discusses regulatory requirements and needs in the Canadian equity markets.

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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.