Nasdaq's Long Hard Road to Gain Stock Exchange Approval
Traders Magazine, September 2006
After some six years of regulatory stops and starts, the Nasdaq Stock Exchange is finally scheduled to begin operating this month. Nasdaq's exchange application was approved in January, but the Securities and Exchange Commission stipulated a number of conditions before it could actually go ahead with operations. This included approval of a trade reporting facility (TRF) through a limited liability corporation and integration of its INET, Brut and SuperMontage trading platforms.
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