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Divorce Final! Nasdaq Makes It Official

Traders Magazine, June 2001

Gregory Bresiger

The NASD and the Nasdaq recently took another important step in their divorce proceedings.

"This is an application to be recognized for what we essentially already are. It is a change in our legal status, as opposed to the way Nasdaq operates." So wrote Richard Ketchum, president of Nasdaq, in a letter that was published in the Federal Register. Nasdaq, he argues in the letter, is today a de facto exchange and now is asking for legal recognition of that status.

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