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PDQ’s Don Ross: Why Speed Kills Equities Markets And How Auctions Can Save Them Feature

The future of stock markets is becoming less about speed and more about trading securities in different environments, particularly auctions. Several exchanges have introduced new auction models aimed at slowing the market down in different ways for different participants, including PDQ Enterprises, which is rolling out its new on-demand auction process for stocks. CODA Markets (Centralized On-Demand Auctions), the wholly-owned broker-dealer entity which was previously named PDQ ATS, will launch the the block trading facility called CODA Block in the next several weeks. John Lothian News Editor-in-Chief Jim Kharouf spoke with Don Ross, who took over as CEO of PDQ…