(October 1 – 13:00 ET) – The
Securities and Exchange Commission
has approved Nasdaq’s request to
integrate the OptiMark Trading
System into its existing trading
network.

The Nasdaq/OptiMark
application will begin trading an
initial set of 10 stocks selected
from the Nasdaq 100 on October 11.
After two weeks, it will expand
to the full Nasdaq 100. By year-
end it will move to trade Nasdaq’s
250 most actively traded stocks.

The Nasdaq/OptiMark application
is an electronic matching system
for equity trading with maximum
anonymity and the possibility of
reduced costs.

OptiMark has already installed
systems at the Toronto Stock
Exchange and the Pacific Stock
Exchange. Although it is based
in New Jersey, the firm houses
many of its systems in north
Toronto.

-IE Staff