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Levitt Targets Trade Count for Elimination: Move by SEC Chairman Could Bring Relief to Traders Hi

Traders Magazine, March 1998

Jeffrey L. Winograd

Arthur Levitt has suggested he will propose eliminating multiple counting on each Nasdaq trade, to dramatically reduce the transaction fees paid by market makers.

The Securities and Exchange Commission chairman raised the issue at a Senate Appropriations Subcommittee, and said afterwards he will meet Nasdaq officials to discuss how trades are counted.

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