CHX’s E-Book to Sidestep Specialists
EXCHANGE TECHNOLOGIES
CHICAGO--By the third quarter of 2004, the Chicago Stock Exchange (CHX) will roll out a new trading platform called E-Book, an optional route to execution that allows institutional and brokerage traders to sidestep CHX specialists, officials say.
E-Book will support orders for securities to which no specialist is assigned, offering immediate executions, as well as providing more opportunities for specialists to interact with those orders, says Dave Herron, CEO of the exchange.
E-Book will also
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