A Step Closer for Nasdaq Exchange Status
Traders Magazine, April 2005
Nasdaq's application to become a formal stock exchange is tantalizingly close to approval by the Securities and Exchange Commission. It could all hinge on corporate structure rather than internalization. This practice is a backbone of the dealer market, a major contributing factor to Nasdaq's stalled application. However, Nasdaq is still under pressure to make concessions of sorts on internalization. (See separate story.)
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