NASD Awaits SEC's Word On Quotation Service


The comment period for the National Association of Securities Dealers' (NASD) Alternative Display Facility (ADF) ended this past Friday with a number of new comments. Now the ADF's launch will be delayed while the NASD responds and another comment period is implemented before the SEC will make its decision.

The ADF will provide quote processing, display and distribution; trade report handling, display and distribution; trade comparison; and ITS quoting, order routing and execution for New Yo