21 August 2017
visit www.avoka.com

Nasdaq to add 1400 securites to Primex in second phase roll out

27 March 2002  |  3114 views  |  0 Nasdaq to add 1400 securites to Primex in second phase roll out

The Nasdaq Stock Market has named 1 April as the start-date for second phase rollout of the Primex Auction System, its new hybrid auction-dealer market.

On the first trading day in April, Nasdaq will make available all securities included in the S&P 500 on the system. Two weeks later, on April 15, trading will expand to the top 1000 Nasdaq-listed securities based on market capitalisation and the three popular Exchange Traded Funds (ETF) - the Nasdaq-100 Trust Series, the SPDR Trust Series, and the Diamonds Trust Series.

Dean Furbush, executive vice president, Nasdaq transaction services, comments: "As Nasdaq adds additional securities, more broker/dealers will be able to experience the benefits of the system's exposure process, which creates opportunities for increased participant interaction and for better prices."

Currently, the Primex Auction System offers trading in all components of the Nasdaq-100, the S&P 100 and the Dow Jones Industrial Average.

So far, 60 broker/dealers have registered as Primex Auction System participants.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nasdaq Web-enables small order entry

Nasdaq Web-enables small order entry

26 February 2002  |  3111 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.vasco.comvisit www.worldpaymentsreport.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11606 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9934 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9693 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9399 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9365 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job