PDQ Rolls Out New Auction Venue
PDQ currently runs a 20-millisecond auction using price-time priority, but Keith Ross, CEO of PDQ Enterprises, the parent company of PDQ ATS, tells Buy-Side Technology that with Auction1, the company is trying to grow its buy-side presence.
Earlier this year, PDQ brought on an institutional team to examine problem areas for buy-side firms, as PDQ has historically focused more on the sell side. What they found is that many buy-side traders want larger-sized orders with more liquidity than can be
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