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Nasdaq OMX Plans ‘Minimum Life’ Orders on PSX Stock Exchange – BusinessWeek

Nasdaq OMX Plans 'Minimum Life' Orders on PSX Stock Exchange
BusinessWeek
Oct. 28 (Bloomberg) — An exchange owned by Nasdaq OMX Group Inc. asked for permission to introduce a type of order for stocks that must last for a tenth of a second, 10 times longer than some of those placed by the fastest traders.

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