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The Nasdaq Renaissance?(Interview)
Traders, December, 2003
Tags: Nasdaq Stock Market Inc., renaissance
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The timing couldn't have been better.
Two days before Nasdaq released its dismal financial results for the first nine months of the year, it announced Instinet would start posting its quotes in SuperMontage. Instinet's decision could prove a big shot in the arm for Nasdaq's beleaguered Transaction Services. The division has seen its revenues slump 40 percent so far this year compared to 2002.
Transaction Services which accounts for such key money-spinners as SuperMontage, NWII and ACT - is one of three business groups within Nasdaq. The other two, covering market data and ...
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