NASDAQ Plans Enhancements To Meet The Competition


The National Association of Securities Dealers plans to upgrade NASDAQ to make it more competitive with vendors that serve the OTC market. NASD is building a system to allow OTC traders to automatically execute orders of any size, says NASD president Joseph Hardiman.

Known as the Advanced Computerized Execution System, the service will be operated on behalf of participating market makers and tailored to their requirements, Hardiman recently told the Securities Industry Association's

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