SEC OKs Nasdaq Portal Despite Data Concerns
The Portal, which goes live on Aug. 15, will provide a Web-based service for trading and displaying transactional activity in 144a securities between broker-dealers deemed eligible by Nasdaq and investors meeting the requirements for Qualified Institutional Buyers (institutional investors with assets of at least $100 million or broker-dealers with assets of at least $10 million).
Data on trades executed via the system will be disseminated immediately to all trading participants via the Web-based
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