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The Alternative Model for NYSE

Traders Magazine, November 2003

Gregory Bresiger

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.

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