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A 1994 Study Concluded Dealers Were Colluding to Maintain Wide

Question 72

Multiple Choice

A 1994 study concluded dealers were colluding to maintain wide bid/ask spreads by concentrating market quotes in quarters instead of eighths. This study eventually led to new order handling rules that required quotes to be available to the public through


A) the NASDAQ market.
B) electronic communications networks (ECN) .
C) high frequency trading (HFT) .
D) algorithmic trading (AT) .
E) intermarket trading system (ITS) .

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