SuperMontage

SuperMontage

The electronic system that operates the NASDAQ trading system. It was introduced in 2002.

SuperMontage

A Nasdaq trading platform introduced in late 2002 to compete with systems used by electronic communications networks such as Instinet. The new platform was designed to provide better organization of data for security traders.
References in periodicals archive ?
His experience at Nasdaq focused largely on the areas of customer service, sales and product development, and included positions as Vice President, Nasdaq Trading and Market Services; Vice President, Service Development; and Vice President, SuperMontage Program Management.
In 2004, for example, NASDAQ's SuperMontage executed only around 17 per cent of the trading volume in the companies listed on NASDAQ, while the NYSE executed 78 per cent of trading by volume in the companies listed on the NYSE.
3) The extensive delays in launching the SuperMontage system, for example, were at least partially due to the time it took to get SEC approvals.
New features include free simulated trading accounts, free ECN depth of books, free news, enhanced order entry, vast order types, automated routing capabilities, SuperMontage for exchange-listed securities, button trading and customizable order entry.
Market fragmentation can be an opportunity if investors have access to data from major liquidity sources like SuperMontage and ECNs, combined with a set of data management tools to help control that information.
At the core of its new exchange system will be Supermontage, a system that -- if it lives up to its billing -- will display the five best bids and offers for every stock, allow users to specify three different kinds of orders and allow for anonymity for those placing orders, an important consideration for major traders.
Direct connection" excludes orders sent through third parties, such as other ECNs, Nasdaq's SuperMontage, or any other Exchange.
and was closely involved with the implementation and deployment of NASDAQ's SuperMontage trading system.
March 7 /PRNewswire/ -- The NexTrade ECN is pleased to announce new pricing and rebate models for additions of liquidity and subtractions of liquidity in both SuperMontage and ADF market centers.
And since we participate in Nasdaq's SuperMontage, reporting five levels, you don't have to worry about getting a great execution.
Track Data Corporation (NASDAQ: TRAC) today announced that its Track ECN (Market Participant ID: "TRAC") has begun reporting five levels on Nasdaq's SuperMontage.