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Nasdaq's Opening Gambit

Nasdaq Looks to Loosen the Reigns on Listed Openings

Traders Magazine, December 2007

Nina Mehta

What Regulation NMS didn't kill, Nasdaq just might. The Securities and Exchange Commission's new trade-through rule has largely neutered the specialists at the New York and American stock exchanges. However, it left their role in managing stock openings untouched. While most trading at these exchanges is now done automatically, openings are still handled by specialists the old-fashioned way. Nasdaq hopes to change that. Taking advantage of complaints leveled against the New York and Amex over the slowness of their opening processes, Nasdaq has begun soliciting

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