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NASDAQ SUPERMONTAGE TO OFFER FULL ANONYMITY
New
York, N.Y.- 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.nasdaq.com/newsroom.
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