Daiwa Plans To Deploy Odd-Lot Trading System For Treasuries
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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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