Exchange competition in the US looks set to take another twist as Nasdaq jumps through the last hoops necessary before it can get formal SEC approval as a recognized exchange.
This July, Nasdaq agreed to formally separate its off-exchange trade-reporting business by forming a joint venture with its former parent, the National Association of Securities Dealers (NASD).
Exchanges are not allowed to take credit for business conducted off their books but Nasdaq’s trade reporting facility has done so for some time.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
