Nasdaq Wins Committee Approval for Right to Run Price Feed
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Nasdaq OMX Group Inc. won the right to keep running a key piece of trading infrastructure for thousands of U.S. stocks including Apple Inc.
The committee overseeing the securities information processor, or SIP, as the system for distributing Nasdaq stock prices is known, selected the exchange operator over Tradeworx Inc.’s Thesys Technologies LLC division, according to a person with knowledge of the matter, who said the vote was unanimous. Previous votes had seen members split between the two bids.