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Reg NMS Spawns New Order Management Player

A Vendor Pinch-Hits for Exchanges

Traders Magazine, January 2007

Peter Chapman

The restructuring of the nation's regional stock exchanges spells opportunity for one vendor. Selero, a Denver-based connectivity provider, hopes to take over the role some regionals once played in supplying trading technology to their broker-dealer members. Regionals such as the National, Boston and Chicago stock exchanges once provided their members with order management and trade execution systems, but have since abandoned those platforms as they reinvent themselves under Regulation NMS. Selero hopes to fill that void. Last summer, the vendor

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