Is Nasdaq buying BRUT??

qazmax · May 25, 2004

Someone just said they heard this on the TV...
Any truth to it?
Anyone have a link?

truncheon · May 25, 2004

http://biz.yahoo.com/prnews/040525/dctu026_1.html

qazmax · May 25, 2004

http://www.nasdaqtrader.com/trader/news/2004/headtraderalerts/hta2004-063.stm

JMartinez · May 25, 2004

I guess NYSE will have to buy Island.

scalp100 · May 25, 2004

island/instinet is going to buy NYSE. Wait a minute can you buy a 'not for profit' company? Maybe the ole' boys won't go for that after all.

Scalp100

WinSum · May 25, 2004

Can't be good news for Boston Exchange...

Damn, I like Brut too, much better than SuperMontage.

rjontrades · May 25, 2004

On an un-related note for you Naz traders, do you know if the SIZE function is proactive?? i.e takes out bids and offers and then posts the rest?

VOLUME · May 25, 2004

saschabr · May 25, 2004

"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 ?

WinSum · May 25, 2004

It means Nasdaq is going to castrate Brut like Instinent did to Island.

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 ?