Nasdaq Supermontage To Offer Full Anonymity
30-Sep-03
The Nasdaq Stock Market, Inc. (NASDAQ®; OTCBB: NDAQ), today announced that NASDAQ's SuperMontage trading platform has added fully anonymous trading to its menu of options. Previously, NASDAQ offered a pre-trade anonymity feature. Following the approval by the Securities and Exchange Commission (SEC), anonymous trades will remain anonymous after the trade execution and through the clearance and settlement process.
The full anonymity feature allows market participants to enter a non-attributable order into SuperMontage without revealing their identity to anyone, giving firms more choices when executing orders. Customers can enter anonymous orders exactly as they did previously.
"NASDAQ is pleased with the SEC's approval, which allows NASDAQ to deliver another key trading feature to its customers," said Glen Wolyner, Executive Vice President, NASDAQ Transaction Services. "Consistent with our goal of continuously enhancing SuperMontage's trading solutions, we have delivered FIX connectivity and now an enhanced anonymity feature. NASDAQ is committed to empowering market participants with capabilities that will give them additional trading choices," added Mr. Wolyner.
NASDAQ is the world's largest electronic stock market. With approximately 3,400 companies, it lists more companies and has an average daily trading volume higher than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, media and biotechnology. For more information about NASDAQ, visit the NASDAQ Web site at www.NASDAQ.com or the NASDAQ NewsroomSM at www.NASDAQnews.com. |
