SuperMontage Gets 5% of Nasdaq Volume
EXCHANGE TECHNOLOGIES
NEW YORK--SuperMontage handled 5.2 percent of Nasdaq's volume--mostly lower volume issues--during the first two weeks of its operation, confirm Nasdaq officials who spoke at Pace University's Securities Industries Conference last week. After a series of fits and starts, SuperMontage had its official launch on Oct. 14.
"There were a few, small glitches the first day," says Alfred R. Berkeley, Nasdaq's vice chairman. "But we're learning as we go and we're very happy with where we are. We've given
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