It has compared them to the mini-auctions of other exchanges, which can provide price improvement to investors in non-penny-quoted names. Nasdaq calls its hidden orders “price-improving” orders. “We’re going to file as well,” Gary Katz, CEO of the exchange, told Traders Magazine. Now, the International Securities Exchange plans to follow suit. The CBOE has about one-third of the options industry’s volume. The CBOE’s move replicates what Nasdaq received permission from the SEC to do in its new exchange. These quotes will be displayed at the nearest nickel or dime increment, but tradable at the price the trader chooses. In doing so, they may be pushing the industry into full-fledged penny quoting.Ī week ago, the Chicago Board Options Exchange won approval from the Securities and Exchange Commission to permit its customers to submit options orders in penny increments even if the option is not included in the penny pilot. 235000019731 tricalcium phosphate Nutrition 0.Now that Nasdaq’s Options Market is up and running, its competitors are making plans to copy one of the market center’s signature–and controversial–order types.238000006011 modification reaction Methods 0.000 description 2.238000006243 chemical reaction Methods 0.000 description 2.210000004271 bone marrow stromal cells Anatomy 0.000 description 2.230000005540 biological transmission Effects 0.000 description 6.239000003795 chemical substances by application Substances 0.000 description 100.238000004891 communication Methods 0.000 claims description 10.Assignors: EROLA, ESA, GUSTAFSSON, PATRIK, SANTAMAKI, HARRY, LUIRO, VESA Publication of US20060229054A1 publication Critical patent/US20060229054A1/en Status Abandoned legal-status Critical Current Links Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.) Filing date Publication date Application filed by Nokia Oyj filed Critical Nokia Oyj Priority to US11/101,373 priority Critical patent/US20060229054A1/en Assigned to NOKIA CORPORATION reassignment NOKIA CORPORATION ASSIGNMENT OF ASSIGNORS INTEREST (SEE DOCUMENT FOR DETAILS). Original Assignee Nokia Oyj Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.) Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.) Abandoned Application number US11/101,373 Inventor Esa Erola Patrik Gustafsson Vesa Luiro Harry Santamaki Current Assignee (The listed assignees may be inaccurate.
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