Arrival of SuperMontage Legitimizes Electronic Execution of US OTC Equities,
(Business Wire 09/04 14:15:03)
Says New Report From Meridien Research
Business/Technology Editors
NEWTON, Mass.--(BUSINESS WIRE)--Sept. 4, 2002--SuperMontage,
Nasdaq's full fledged entry into electronic execution of US OTC
equities will legitimize the ECN marketplace, according to a newly
released report from Meridien Research. This new system represents the
greatest change in the OTC equities market since the Nasdaq quote
montage went live over thirty years ago. What will mark SuperMontage a
success is if it can expand sales of its workstations, API, and market
data - meaning more traders will want direct access to the system,
bypassing an ECN.
"The real impact on the markets will be when electronic execution
for US OTC equities becomes a commodity," said Damon Kovelsky, Analyst
at Meridien Research. "SuperMontage finishes a process begun in the
mid 1980s and accelerated by the ECNs in the late 1990s. The fact that
a platform executes trades in an electronic environment is no longer a
competitive advantage. The competitive advantage lies in what comes
along with that platform - that is where the various players must
differentiate themselves."
"SuperMontage: Fashionably Late" is a comprehensive look at
SuperMontage and the changes it will bring to the Nasdaq market,
possible ramifications, and how individual ECNs will be affected. More
information on purchasing this report can be obtained from
sales@meridien-research.com or by calling 617-796-2800.
About Meridien Research
Meridien Research of Newton, MA, provides analytical research
services to users and providers of financial industry technology.
Meridien Research targets three technology areas of strategic
importance to financial services firms: eFinancial Services, Trading &
Risk Management and Customer Relationship Management. Each practice
delivers reports detailing new issues and challenges and uses its
knowledge to advise clients on technology related decisions. Visit
www.meridien-research.com/press to register for announcements as new
research becomes available. For media relations, contact Parallax LLC
at 781.235.7025 or parallax@meridien-research.com.
--30--bh/bos*
CONTACT: Parallax LLC
Bill Dorfman, 781/235-7025
bdorfman@parallaxllc.com |
