Knight's Regional Exchange Feud: The regional exchanges are about to be given a big regulatory adva
Traders Magazine, June 2001
Knight Securities, the biggest market maker in Nasdaq securities, and several big regional exchanges backed by the NASD, are at war.
The casus belli is a dispute over several rules extensions before the Securities and Exchange Commission, extensions that would provide more competition in Nasdaq trade executions for the independent marker maker. But several attorneys believe that Knight is a modern day King Canute, unsuccessfully trying to hold back the waves of competition.
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