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Article: Trading Activity on Nasdaq's Primex Auction System Continues to Rise; Daily Share Volume Record Set 500 Million Share Milestone Surpassed.
- Article from:
- PR Newswire
- Article date:
- May 13, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- The Nasdaq Stock Market(R) today announced that total share volume on the Primex Auction System(R), the world's first totally electronic auction for securities, topped 500 million. On April 30, Primex set a record for daily share volume, with more than 10 million shares being traded. The total shares executed represent approximately 1.7 million transactions that have received the benefit of The Primex Auction(TM), which combines an automated auction process with the speed and liquidity of the Nasdaq multi-dealer marketplace.
"The system has been operational for less than 100 trading days, so these milestones are impressive," said Dean Furbush, ...