Knight Completes Pilot Test, Offers Enhanced Execution Capabilities
TRADING LINKS
JERSEY CITY, N.J.--After successful completion of its pilot test, Knight Securities has implemented a new trading program in which executions of Nasdaq orders automatically occur at the midpoint between the national best bid/offer.
"We are constantly searching for ways to help our broker/dealer clients meet their fiduciary obligation to provide best execution for their customers' orders," says Michael Dorsey, senior vice president, general counsel and secretary of Knight Trading Group. "This
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