Former Wunsch Auctions Systems, AZX Opens Up In Arizona
EXCHANGES AND REGULATORS
AZX Inc., the renamed Wunsch Auction Systems Inc. (WASI), last month launched the Arizona Stock Exchange using WASI's Single Price Auction Network (SPAworks) trading system. More than 70 institutional investors participated in the reopening of the system, which was shut down in late December after eight months of operation.
AZX now provides an after-hours alternative to continuous trading on the New York and other stock exchanges. The system "discovers" its own price based on limit orders that
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