Nasdaq Postpones Inside Quotes
NEWS RETRIEVAL - compiled by Samara Zwanger
Nasdaq (nasdaq.com) has postponed its plan to implement inside-quote calculations in after-hours trading until February 7. The delay stems from objections by the mutual fund industry over its ability to provide accurate net asset values based on the official 4 pm closing. "From our point of view, we could have implemented this tomorrow," says Nasdaq spokesperson Scott Petersen. "But some mutual funds have expressed reservations around Y2K. The mutual fund piece was more complicated than [we]
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