SEC Approves SuperMontage

DATA DISPLAY AND ANALYTICS

The Securities and Exchange Commission (SEC) conditionally approved the operation of Nasdaq’s new display and trading system, SuperMontage, on Aug. 28. The date of its official launch, however, is still up in the air, to be decided by whether market participants are prepared to use the Alternative Display Facility (ADF) quotation service.

SuperMontage will be allowed to operate as early as Friday, Sept. 6. If participants sign a sworn statement that they will use ADF as their primary method for

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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