ECNs, which argued that SuperMontage was designed explicitly to put them out of business.

ECONOMIST: Meddling politicians

NASDAQ's most important initiative, because it is most closely tied to the exchange's core business, was the creation of SuperMontage.

ECONOMIST: American exchanges

SuperMontage, a fancy new trading platform that it unveiled last month, is still likely to give it an edge over its rivals in any subsequent efforts to spread its wings internationally.

ECONOMIST: Nasdaq’s bridge too far | The