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Group Pushes for World of Safe Stock Trading

Traders Magazine, November 2000

Staff Reports

A new group representing Wall Street trading firms is aiming to eliminate barriers to entry in the global equities markets.

The Global Equities Market Association (GEMA) says it will press regulators abroad on structures that they believe will impede the functioning of their markets for outsiders. The member firms include Salomon Smith Barney, Knight Securities, State Street Global Advisors, Bear Stearns and Bloomberg Tradebook which has deputized its director of sales Steven Bookbinder to act as co-chair.

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