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And former Soviet states like Ukraine, which also inherited Soviet defense plants, compete for orders that Russia covets.
Nasdaq, by contrast, is primarily a "dealer" market, in which market makers compete for orders by quoting prices at which they are willing to buy or sell.
Pratt & Whitney is stepping up its research and development to better compete for orders for the next generation of regional jets, according to Mark Sullivan, a spokesman for the company.
Retail partners can also work with Jet on how they want to compete for orders, which they can't elsewhere.
He has little overhead, and gets his dealers to compete for orders as they come in--on a Web-based diamond exchange created by Blue Nile.
In Hong Kong, four dedicated OTC trading desks, Gatecoin, Octagon Strategy, Circle Trading and Genesis Block now compete for orders that can range between 1 and 10,000 BTC (up to US$10 million).
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While the American and New York exchanges are competing for orders, major securities firms like Goldman Sachs, Morgan Stanley Dean Witter, the Salomon Smith Barney unit of Citigroup and Merrill Lynch are pushing to trade with their own customers without ever sending the order to an exchange.
The cost of borrowing has tumbled, new manufacturers are competing for orders and production lines are already set up.
Microsoft has a strategy to discount its products heavily when the software giant competes for orders against the emerging licence-free Linux operating system, the International Herald Tribune said.
The explosion in computer-based trading has occurred over the past decade as the S.E.C. adopted rules that allowed dozens of new trading venues to compete for stock orders and accelerated the move toward high-frequency trading, which now accounts for 70 percent of daily stock-trading volume.
"When dealing with an umbrella contract like a World Wide Protective Services (WPPS) task order that had several contractors, federal law requires that all such contractors be given a fair opportunity to compete for task orders issued under that contract," the State Department spokesman said.
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