Nasdaq To Withdraw From Intermarket Trading System
Stephen Martin writes in InformationWeek:
The Nasdaq Stock Market Inc. said Monday that it intends to withdraw next year from the Intermarket Trading System, which links the New York Stock Exchange with regional exchanges and Nasdaq. The move requires approval by the Securities and Exchange Commission.
Nasdaq said the SEC's adoption earlier this year of rules for a national market system, known as Reg NMS, cleared the way for its withdrawal from ITS, which was established in an era when most trades were executed manually by floor-based traders.
posted by Fergie @ 8/08/2005 04:46:00 PM
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