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Traders Magazine, January 2003

Editorial Staff

Liquidity *The Investment Company Institute believes the Big Board's proposed Liquidity Quote rule is unacceptable. Despite commending the NYSE's goal of using the rule to show greater market depth because of decimal trading, ICI officials still believe the proposal should be revised. In a letter to the Securities and Exchange Commission, the ICI's general counsel Craig Tyle writes that..."the Institute believes the proposal falls far short of establishing a system to facilitate efficient trading by mutual funds and other institutional investors on the Exchange."

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