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Is Nasdaq Application in Trouble?

Traders Magazine, July 2003

Gregory Bresiger

The Nasdaq application to become a for-profit exchange is in trouble and is not likely to be approved by the Securities and Exchange Commission, several industry sources privately told Traders Magazine. "It's not going to happen," said one trading industry executive. "The SEC is not going to approve it, but that isn't nearly so important to Nasdaq as other things," said another.

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