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Dave, Thanks again for your post and for keeping this thread alive. Especially with the new $5 incremental price for nonpros, I am glad to have the opportunity to clarify this important issue. Thanks also for your thorough explanation of the different windows you use and have available to...

Dave, Thanks again for your inquiry. You are correct: inca, arcx and ISLD (cinn) are not currently SuperMontage participants. The balance of your question is a little bit more complicated, mostly because it is a function of whatever vendor you’re using – I’ll see if I can...

NASDAQ TotalView is designed to allow vendors to show the liquidity BOTH inside and outside of SuperMontage. Some vendors have elected to show ECN data together with SuperMontage data and others have not - as of yet. Whether the data is integrated is determined by the vendor. In comparing...