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Will Reg NMS Go Up in Flames?

Traders Magazine, August 2004

Editorial Staff

The trade-through rule reform proposal is dead for the year as is much of the other Reg NMS proposals. That's the opinion of several trading industry officials who spoke privately to Traders Magazine. They also say that any action on access fees "is dead" at least right now. And the proposal on market data is "absolutely confusing" so it is going nowhere with the Securities and Exchange Commission this year, these officials add. These sources cited several reasons why the Reg NMS proposal - with the exception of one part - is not likely to happen this year.

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