UNX Forges Link to Listed Market
FRONT PAGE: CONNECTIVITY
BURBANK, Calif.--Clients of agency broker-dealer UNX now have increased access to the U.S. exchange-listed marketplace through a new connection to Nasdaq’s Computer Assisted Execution System (CAES)/InterMarket, officials tell TTW.
The new link will allow UNX clients to get firm quotes automatically executed via CAES/InterMarket, which handles about 15 percent of average daily listed trade volume. Auto-execution is not necessarily a given for open-outcry exchanges such as the New York Stock
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