SuperMontage

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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 ?
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.
As NASDAQ consolidates its trading services to a common functionality within the NASDAQ SuperMontage system, it has elected to no longer offer the Primex Auction System as a facility of NASDAQ, effective January 16, 2004.
The best price for each security is immediately posted on NASDAQ's SuperMontage system if the order is not filled on the ECN.
Instinet does not believe that the introduction of Nasdaq's SuperMontage system has had a material effect on its market share performance.
As an attractive alternative to other market offerings, the combined business will also help preserve investor choice -- now and following the anticipated introduction of Nasdaq's SuperMontage system next month.
DepthView - A service that provides the aggregated size of all quotes and orders available for execution in the SuperMontage system at the top five price levels.
As an attractive alternative to other market offerings, the combined business will also help preserve investor choice - now and following the anticipated introduction of Nasdaq's SuperMontage system later this year.
Who: Rick Ketchum, president and deputy chairman, NASDAQ Dean Furbush, executive vice president, NASDAQ Transaction Services Adena Friedman, executive vice president, NASDAQ Data Products Steve Randich, executive vice president & chief information officer, NASDAQ Mary McDermott-Holland, senior vice president, Franklin Portfolio Associates Matt DeSalvo, managing director, Morgan Stanley What: Rick Ketchum will be joined by NASDAQ market participants to mark the first day of trading on the new SuperMontage system.
As part of the SEC's approval of SuperMontage in January 2001, it was mandated that the ADF be up- and-running before trading of real stocks could take place through Nasdaq's SuperMontage system.
Indeed, the NASD also has provided, for the first time ever, a detailed document, entitled "Functional Description" which specifies how the SuperMontage system will operate.