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SIA Comes Out For Big Board

Traders Magazine, August 2004

Editorial Staff

The Securities Industry Association is on the side of the Big Board in its proposal to expand its Direct+ electronic trading system. "The NYSE proposal promises to benefit individual and institutional investors by increasing execution opportunities provided by the exchange," says SIA Executive President Donald Kittell Kittell said SIA officials still must study the New York Stock Exchange plan to convert the exchange into a hybrid market. However, he added that it appears to be offering "increased choice, flexibility and competition."

Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.tradersmagazine.com

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