SuperMontage Facing Down SEC Hurdle
EXCHANGE TECHNOLOGIES
NEW YORK--SuperMontage, Nasdaq’s $100 million new order-entry and execution system, is set to launch Monday, July 29. But one major hurdle--the US Securities and Exchange Commission’s (SEC) sign-off on the implementation of the National Association of Securities Dealers (NASD)’s Alternative Display Facility (ADF)--still remains.
The NASD, as part of a deal with the SEC, has created a separate venue for displaying quotes in order to legally separate from Nasdaq, the market it regulates. That
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