Nasdaq May Have Central Order Book In Its Latest Version Of Workstation II
TRANSACTION SYSTEMS
NEW YORK--While the Nasdaq Stock Market isn't calling its Nasdaq Workstation II--the new order display window--a central order book, it has the look and feel of one.
Whether by coincidence or design, the announcement last week parallels some of the concerns raised by Arthur Levitt, chairman of the Securities & Exchange Commission (SEC), who in his September 23 speech called for the development of a centralized, electronic book for equity trading, among other changes. The Workstation II plans were
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