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U.K. Stock Exchange Is Approved for Trading U.K. Equities in the U.S.

Traders Magazine, March 1999

Staff Reports

The Securities and Exchange Commission has approved a 55-person, London-based electronic stock exchange's application for trading U.K. stocks in the U.S., a sign that equity markets are transcending national borders.

The SEC granted the filing exemption on March 23 to the Tradepoint Stock Exchange in London, making it the first time the SEC has allowed a foreign stock exchange to accept order flow directly from U.S. money managers and brokers.

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