10/27/99 PR Newswire 10:58:00
PR Newswire
Copyright (c) 1999, PR Newswire
Wednesday, October 27, 1999
. . .
OptiMark(R) Trading System Goes Live on Nasdaq after SEC Approval
The Nasdaq Stock Market launched the OptiMark(R) Trading System, initially
making 10 Nasdaq securities available to Nasdaq market participants. Optimark
began operating on October 11, 1999 after the Securities and Exchange
Commission (SEC) approved Nasdaq's request to integrate it into its existing
trading network.
The Nasdaq/OptiMark application, developed by OptiMark Technologies, Inc., of
New Jersey, was integrated into the Nasdaq system by Nasdaq. It is an
electronic matching system for trading equities, providing an anonymous and
confidential trading environment with the potential for reduced costs. With
optimal matching capabilities, the application offers enhanced execution to
institutions, Market Makers, and traders alike.
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