Number Crunching at the NYSE: The NYSE's franchise could bein danger if a new regulatory proposal i
Traders Magazine, March 2004
The days of Big Board dominance of listed trading are over. At least that's what some proponents of electronic trading are hoping after reviewing the Securities and Exchange Commission's latest market structure proposal. At the heart of the document is a trade through plan that legitimizes the practice of trading through the best quotes. The SEC plan, if approved as currently outlined, would propel the listed markets towards more fuller automation, and give traders wide latitude to ignore quotes whose firmness' they doubt.
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