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| Price Improvement |
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Our natural and enhanced liquidity allow us to increase the likelihood of price improvement. Price improvement occurs through our automated systems and through the experience of our traders and sales traders.
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Price Improvement* |
| All Nasdaq |
51.40% |
| Nasdaq 100 |
53.90% |
| Nasdaq Capital Markets |
51.20% |
| Listed S&P 500 |
51.40% |
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* "Price Improvement" percentage calculation for March '08 in market orders of all sizes (100- |
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9999 shares). Data provided by Thomson Transaction Analytics.
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