Arrival of SuperMontage Legitimizes Electronic Execution of US OTC Equities, Says New Report From Meridien Research.Business/Technology Editors NEWTON, Mass.--(BUSINESS WIRE)--Sept. 4, 2002 SuperMontage, Nasdaq's full fledged fledge v. fledged, fledg·ing, fledg·es v.tr. 1. To take care of (a young bird) until it is ready to fly. 2. To cover with or as if with feathers. 3. entry into electronic execution of US OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). equities will legitimize le·git·i·mize tr.v. le·git·i·mized, le·git·i·miz·ing, le·git·i·miz·es To legitimate. le·git the ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. marketplace, according to a newly released report from Meridien Research. This new system represents the greatest change in the OTC equities market since the Nasdaq quote montage went live over thirty years ago. What will mark SuperMontage a success is if it can expand sales of its workstations, API, and market data - meaning more traders will want direct access to the system, bypassing an ECN. "The real impact on the markets will be when electronic execution for US OTC equities becomes a commodity," said Damon Kovelsky, Analyst at Meridien Research. "SuperMontage finishes a process begun in the mid 1980s and accelerated by the ECNs in the late 1990s. The fact that a platform executes trades in an electronic environment is no longer a competitive advantage. The competitive advantage lies in what comes along with that platform - that is where the various players must differentiate themselves." "SuperMontage: Fashionably Late" is a comprehensive look at SuperMontage and the changes it will bring to the Nasdaq market, possible ramifications ramifications npl → Auswirkungen pl , and how individual ECNs will be affected. More information on purchasing this report can be obtained from sales@meridien-research.com or by calling 617-796-2800. About Meridien Research Meridien Research of Newton, MA, provides analytical research services to users and providers of financial industry technology. Meridien Research targets three technology areas of strategic importance to financial services firms: eFinancial Services, Trading & Risk Management and Customer Relationship Management. Each practice delivers reports detailing new issues and challenges and uses its knowledge to advise clients on technology related decisions. Visit www.meridien-research.com/press to register for announcements as new research becomes available. For media relations, contact Parallax parallax (pâr`əlăks), any alteration in the relative apparent positions of objects produced by a shift in the position of the observer. In astronomy the term is used for several techniques for determining distance. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control at 781.235.7025 or parallax@meridien-research.com. |
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