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Traders Plea for Help in DC

Traders Magazine, December 2002

Gregory Bresiger

Job one for the Security Traders Association this year in Washington: Convince both regulators and lawmakers that the climate for market makers has become terrible. Convince lawmakers that it is no coincidence that firms have gone out of business and that even mighty Merrill Lynch has decreased the number of market making stocks. Convince the powers-that-be that Nasdaq market making is still a priority, despite the switch to penny trading, and that it should be put on the top of their agenda. Alarm Bells

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