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4 years ago

PDQ ATS, Inc., operates PDQ ATS (PDQ), an innovati...

PDQ ATS, Inc., operates PDQ ATS (PDQ), an innovative trading platform licensed from and featuring the patented technology of software development firm PDQ Enterprises, LLC. PDQ Enterprises was founded by Christopher Keith, former Chief Technology Officer of NYSE, and received patent protection in January 2008 for its process of liquidity aggregation in response to order flow.

PDQ s pioneering equity auction products were developed with a singular purpose to provide a more effective market structure for all participants. As an independent equity market where modern technology benefits all, PDQ uniquely solves today s market issues by putting control back in the hands of the trader and fostering competition to provide best prices among liquidity providers.

When trading at PDQ, there is a short pause after entering an order. During the pause, liquidity seekers initiate an anonymous, symbol-only solicitation of trade responses from participating liquidity providers. The responses are aggregated and matched to the initial order in an auction framework that offers improved pricing opportunities and virtually eliminates gaming and spoofing.

Over the last decade, PDQ has attracted order flow from all areas of the capital markets community, including sell-side, institutional and retail traders. Because PDQ s technology promotes execution quality and unique liquidity generation, participants of all types benefit from trading at PDQ.

Today, PDQ executes competitive on-demand auctions in its ATS and offers extensive subscriber routing options.