The Alternative Model for NYSE
Traders Magazine, November 2003
Instinet's leader has told Congress that the New York Stock Exchange must be required to take multiple modernization steps, the same as other exchanges. "The NYSE should also be required, as Nasadaq was a few years ago, to separate its regulatory function from its business interests. Regulation is a duty owed to the public and must be separate from the profit motive," Ed Nicoll, CEO of Instinet, recently told the House Financial Services Committee.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.