NASD Talks to New Dealer Market
Traders Magazine, July 2004
The United States Capital Markets (USCM), a group embarked on building a new OTC dealer marker, has effectively given up on acquiring the OTC Bulletin Board. However, it says it hopes to launch an alternative dealer market as early as this year. "It seems unlikely the Bulletin Board will be sold to us," USCM leader Arthur Pacecho concedes to Traders Magazine. He said his group is now talking with the NASD about the USCM putting together a dealer market. Pacheco did not elaborate. Nancy Condon, a spokeswoman for the NASD, says it has been approach by the USCM but "we are not in discussions."
Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.tradersmagazine.com
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.