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Trade Through Plan Is Snubbed

Traders Magazine, November 2003

Gregory Bresiger

A New York Stock Exchange idea for a two-cents trade through exemption in listed stock trading got a chilly reception from an influential lawmaker. Annette Nazareth, the director of the SEC's division of market regulation, told Traders Magazine that the Big Board's plan, as recently envisaged, won't fly. That plan would only apply to trades of up to 500 shares in market centers with low fill rates. Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.tradersmagazine.com

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