Nasdaq to Charge For Quote Updates In Fourth Quarter

PRICING AND FEES

NEW YORK--The Nasdaq Stock Market plans to levy a fee of $0.01 per quote update in the fourth quarter, the first time it will charge for quote updates.

Dean Furbush, Nasdaq's executive vice president, says Nasdaq is not making enough money to support SuperSOES, the upgraded version of its Small Order Execution System, and provide the stringent security members expect of the market after the Sept. 11 terror attacks. The exchange has already instituted layoffs and cost-cutting regimes, but it has

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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