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Article: Nasdaq Expands Primex Auction System's List of Eligible Securities; Expansion Comes as Usage and Share Volume Continue to Rise.
- Article from:
- PR Newswire
- Article date:
- July 12, 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, Inc. today announced that beginning July 15, the Primex Auction System(R) will expand trading to include all New York Stock Exchange-listed securities. This will more than double the number of stocks eligible to trade in the world's first totally electronic auction for stocks.
Since its launch in December 2001, the Primex Auction System has executed more than 900 million shares.
"We have experienced continued and steady growth in usage," said Dean Furbush, executive vice president of Nasdaq Transaction Services. "Primex recently set a record for daily trading volume of more than 13 million shares."
In ...