Nasdaq's Year Ends With The Beginning Of A Split From NASD
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Nasdaq's 1999 December surprise was that its Board of Governors unanimously approved a preliminary plan for a major restructuring, which was the first step toward splitting the Nasdaq from the National Association of Securities Dealers (NASD)and selling shares of Nasdaq to its members.
That restructuring built on a series of announcements that were made throughout the year that, initially at least, moved forward in a tentative manner. The Nasdaq and NASD had to be mindful of opposition from its
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