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The Nasdaq Closing Cross

Traders Magazine, June 2004

Adena Friedman

The most common response to any question about the value of a stock is "Where did it close?" To many people the closing price is the most important price set by a market. With the introduction of the Closing Cross, Nasdaq has created a better mechanism for establishing the true closing price in Nasdaq securities. The true' closing price, in our view, is the price that best reflects the buy and sell

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