Nasdaq Platform Breaks Ground
Traders Magazine, March 2004
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.
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