The biggest dilemma in creating a national market system is

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The biggest dilemma in creating a national market system is the development of a computerized system capable of handling limit orders from all markets. The goal of a national market system is to integrate all trading markets, but this requires a sophisticated technological infrastructure capable of handling the large volume of trades across different platforms. The competition between specialists and market makers and the development of a composite tape are important considerations but are secondary to the technological challenges of creating a national market system.

The Biggest Dilemma in Creating a National Market System Is