Nasdaq Surrenders Its Limit Order File And Changes The Rules For Access Fees
TRADING LINKS
NEW YORK--After nearly a year of heated complaints from market makers, the National Association of Securities Dealers is retreating from the most controversial features of its next generation order delivery and execution system. The revised proposal, which is still being reviewed by the NASD's quality of markets committee, effectively replaces what would have been a Nasdaq-only central limit order file with a price quote display open to market makers.
The revised limit order file now under
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