Matching Service Ends Tiers'
Traders Magazine, May 2005
Harborside Plus has discontinued an unusual practice, following a notice by the Securities and Exchange Commission. The firm, which operates a broker dealer that uses computers to match up block trading interests, said it no longer runs a system which allowed Haborside traders to view tiers', or the range of sizes of customers' orders. Harborside's decision was divulged in a letter to clients in March, following an examination by the SEC.
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