Is Nasdaq buying BRUT??

[Nordic]

Quote from saschabr:

"The Brut acquisition is intended to enhance NASDAQ's systems by providing NASDAQ with the ability to route orders via an internal broker-dealer to multiple liquidity pools in keeping with changes proposed by Reg NMS"

Does anyone understand this ?

Not Really but they could purchase a Broker Dealer for 40K. They must need the BRUT ECN technology.

 

[Mecro]

So all you Naz traders, you saying it is bad or good?

 

[Ed Zeppeli]

Quote from Mecro:

So all you Naz traders, you saying it is bad or good?

well, NAZ getting their hands on anything is probably a bad thing. Just look at SuperMontage! That being said, I can't see them making too many changes that would destroy BRUT's liquidity.

Warren

 

[paige86]

Before we know it the only ECN's left will be INET (Instinet) and NASDAQ (Brut and rumors of ARCA)

 

[scalp100]

bruts technology sucks, they are not after that. They want bruts volume; this is a systematic way to get volume and eliminate competition.

Bottom line is ECN competition produces lower fees for the end user. The nasdaq/(notso)supermontage is basically an ecn and they want all the volume. Volume = power. Pricing and otherwise.

scalp