Nasdaq Unveils New Order Display Window; Introduction Is Slated For Next Summer

MARKET DATABASE

NEW YORK--Nasdaq unveiled its new electronic order display window early this month, but said the facility won't be available until next summer. The announcement followed by just over week a call by the US Securities and Exchange Commission's Arthur Levitt for the development of a centralized electronic stock market.

Nasdaq says the plans for the system, the Nasdaq Order Display Window, were submitted to the SEC on October 1, and are not very different from another NASD proposal for a central