Please Quote Me
THE DALY CLOSE
Although most in the industry see this as a defensive play-preventing competitor Bats Trading ECN from buying exchange status-Nasdaq can easily turn around its investment to make a tidy little profit.
Nasdaq's executive vice president of transaction services Chris Concannon says the acquisition's immediate benefit will be opening a second protected quote using the BSE's equities exchange license. Nasdaq will then be able to get a second seat when it comes to the market data distribution formula
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