Setup Narrows Many Spreads; Nasdaq Quotations Revamped 'Inter-Dealer' Quotes Many Spreads Will Shrink
Beginning today, The New York Times is following a new way of reckoning the bid and asked quotations in the National Association of Securities Dealers' listing of over-the-counter quotations. The new system, which is known as "inside" quotations, is intended to show investors the best price at which over-the-counter trades can be executed.