SuperMontage

Filed Under »
Dictionary Says

Definition of 'SuperMontage'

A fully integrated order display and execution system for the trading of Nasdaq-listed securities. Nasdaq's SuperMontage trading system facilitates better prices for investors while allowing brokers to better serve their customers by providing increased transparency.
Investopedia Says

Investopedia explains 'SuperMontage'

SuperMontage is Nasdaq's fully integrated order entry and execution system which replaced earlier systems including SOES and SuperSoes. SuperMontage allows firms to list multiple quotes and orders for each security, and permits market makers to input all or part of their buy and sell interest - with or without other traders knowing their identity. More than 5,000 transactions per second can be processed by SuperMontage. One of its most valuable features is that it shows five levels of interest rather than just the best current price. This can help investors and traders estimate more accurately an instrument's near-term price movements. Nasdaq's SuperMontage trading platform went live with a phased-in rollout in October 2002.

Articles Of Interest

  1.

    The NYSE And Nasdaq: How They Work

    Learn some of the important differences in the way these exchanges operate and the securities that trade on them.

  2. Getting To Know The Stock Exchanges

    Here are the answers to all the questions you have about stock exchanges but are too afraid to ask!

  3. The Global Electronic Stock Market

    The way trading is conducted is changing rapidly as exchanges turn toward automation.

  4. Electronic Trading Tutorial

    Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more.

  5. Forex: Demo Before You Dive In

    All trading platforms have benefits and drawbacks - master the fake trade before making a real one.

  6. Beginner's Guide To J-Trader

    J-Trader is a platform for trading futures and options that also enables trading strategies, such as spreading.

  7. Triple Screen Trading System - Part 2

    Market tide is the basis for making trading decisions in this three-part system.

  8. Triple Screen Trading System - Part 1

    Learn to take advantage of both trend-following and oscillator techniques to analyze your trading decisions.

  9. Beginner's Guide To CQG Integrated Client Trading Platform

    CQG Integrated Client Trading Platform is a robust trading platform that takes time to learn and to be able to take full advantage of its functionality.

  10. Forex Automation Software For Hands-Free Trading

    Automated forex trading software scans the market for favorable trades based on your input. Find out more about this valuable forex tool.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Network Effect

    A phenomenon whereby a good or service becomes more valuable when more people use it. The internet is a good example...

  2. Racketeering

    Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include...

  3. Lawful Money

    Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves.

  4. Fast Market Rule

    A rule in the United Kingdom that permits market makers to trade outside quoted ranges, when an exchange determines that market movements are so sharp that quotes cannot be kept current.

  5. Absorption Rate

    The rate at which available homes are sold in a specific real estate market during a given time period.

  6. Yellow Sheets

    A United States bulletin that provides updated bid and ask prices as well as other information on over-the-counter (OTC) corporate bonds...
Trading Center