Nasdaq comments on SEC report on execution quality.

0 Comments | M2 Presswire, January, 2001

M2 PRESSWIRE-9 January 2001-NASDAQ: Nasdaq comments on SEC report on execution quality (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:08012001 * Spreads on largest stocks found to be lower * Speed of execution on Nasdaq "generally faster" for retail sized orders * Expresses methodology concerns -- execution quality more than just spreads -- company comparisons not always apples to apples -- used insufficient NYSE data New York -- The Nasdaq Stock Market (Nasdaq) President Rick Ketchum made the following comments today on the Securities and Exchange Commission's (SEC) "Report on the Comparison of Order Executions Across Equity Market Structures." "We agree with the SEC's introductory `important caveats' that there is no single, all-encompassing measure...