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SEC's ATS Proposal Coming Very Soon

Traders Magazine, November 1998

Staff Reports

The Securities and Exchange Commission's rule proposal for the regulation of alternative trading systems (ATSs) is expected to be issued before year end.

Barring some last-minute revisions that would postpone the release until next year, sources say the SEC is currently wrapping up the rule proposal with an eye on integrating ATSs into the Intermarket Trading System (ITS). The ITS is the backbone of the National Market System linking U.S. stock exchanges.

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