ATD Financial Services Receives Approval to Expand Market Making Operations; Automated Market Maker Now Making Markets in All NMS Names.MT. PLEASANT, S.C. -- Automated Trading Desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign , a pioneer of automated trading technology, today announced that its retail execution platform, ATD ATD Anthropomorphic Test Dummy ATD Attention to Detail ATD Advanced Technology Demonstration AtD Achieving the Dream ATD Atmospheric Technology Division (US National Center for Atmospheric Research) ATD Assistant Technical Director Financial Services (AUTO) has received NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). approval to expand its market making operations. AUTO now plans to make markets in all NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on and exchange-listed securities. As a market maker AUTO will maintain a firm bid and ask price in a given security and provide incoming order flow with opportunities for price improvement. This expansion will also expose AUTO's customers to even more liquidity in the marketplace by allowing increased interaction with incoming order flow. "This expansion of our market making operations allows us to become a single source destination for our customers' order flow needs. Cost savings, price improvements, and now an even deeper pool of liquidity enables us to continually provide exceptional execution quality to our customers," said Steve Swanson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ATD, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . With the level of automation that AUTO employs, over 99% of all trades are automated. In today's rapid-fire trading environment, automation provides the needed assistance in resolving today's compliance issues. AUTO applies proven technological solutions to order flow, offering a level of customization that assists customers in achieving best execution according to their own definition. Whether customers are looking for speed, minimizing market impact, or simply seeking best price, AUTO works with each customer to meet their goals. About Automated Trading Desk ATD is a technology company specializing in automated trading and customized equity execution solutions for its customers. We offer automated execution solutions in all domestic equity markets, including the listed, over-the-counter, exchange traded fund Exchange Traded Fund Similar to an index mutual fund, these tracking stocks trade continuously. Two popular ETFs are the Standard and Poor's depositary receipt (SPDR) launched in 1993 and the NASDAQ-100 Index Tracking Stock (QQQ) which was launched in 1999. and bulletin board marketplaces. Our proprietary "Pricing Engine" and automated trading algorithms apply advanced expert systems to customer executions. ATD's automated systems strive to deliver superior execution, realizing significant time and cost savings. As an execution venue, ATD executes orders from buy-side institutions, retail order-sending firms, and sell-side broker/dealers, handling orders ranging in size from odd lots to institutional size blocks. Founded in 1988 and based in a state-of-the-art facility in Mt. Pleasant, SC, ATD provides significant liquidity to the marketplace. During the fourth quarter of 2005, ATD accounted for approximately 6% of all NASDAQ volume and 5% of all NYSE NYSE See: New York Stock Exchange volume. Automated Trading Desk, LLC (ATD) is the sole owner of Automated Trading Desk Financial Services, LLC (AUTO), Member NASD/SIPC. |
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