Dollars and Jens

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Dollars and Jens

Tuesday, August 01, 2006

nasdaq exchange

The Nasdaq is now officially an exchange, which may be a purely governance/regulatory thing; I don't know. Up until a few years ago, the Nasdaq system didn't actually include an execution platform, as an exchange does; it was simply a bulletin-board system (in effect) allowing dealers to post quotes and other dealers to see them and arrange to buy or sell accordingly. I'm pretty sure, though, that that changed a while ago.

- posted by dWj @ 9:36 PM

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