Free Site Registration

Nasdaq Revamps Listed Strategy of Accessing DOT Via BRUT

Traders Magazine, September 2006

Peter Chapman

The free ride is over. Nasdaq will end its policy of providing free access to the New York Stock Exchange's DOT order delivery system via its Brut mechanism this month. The program was a boon for Nasdaq in garnering share in NYSE-listed securities, but has become too costly to maintain.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?