NASDAQ, SESDAQ To Swap Quotes; First Trans-Pacific Link In Equities Markets


The first quote swap between equities markets in the U.S. and the Pacific Basin is scheduled to begin by the end of the year. NASDAQ plans to swap closing market data on a small group of stocks with SESDAQ -- the Stock Exchange of Singapore Dealing and Automated Quotation system.

SESDAQ is Singapore's attempt to create a dealer market off the trading floor of its stock exchange, and the NASDAQ link is intended to increase its attractiveness to potential market makers. NASD president Gordon Ma