Agency Quote Proposal To Increase Traffic; Sec To Decide Fate Soon
SPECIAL REPORT
WASHINGTON, D.C.--The extended comment period for the National Association of Securities Dealers' (NASD) agency quote proposal expired last week, leaving market makers and Electronic Communications Networks (ECNs) waiting for a decision from the Securities and Exchange Commission (SEC). No time period has been set, however. Some data industry insiders are also watching closely as the adoption of this proposal may result in data traffic increases.
Bill Broka, senior vice president of trading and
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