Daiwa Plans To Deploy Odd-Lot Trading System For Treasuries
THIS WEEK'S LEAD STORIES
Daiwa Securities America Inc. plans to introduce an automated execution system for odd lots of U.S. Treasury securities. The system, known as the Odd-Lot Machine, was developed by New York-based software house Spectrasoft Inc. under contract to Daiwa. The Odd-Lot Machine will be made available to Daiwa clients and counterparties as soon as no- action assurance is received from the Securities and Exchange Commission's market regulation division.
Banks, institutional investors and even other
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