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Big Guns Implore SEC on Best Price'

Traders Magazine, January 2005

Gregory Bresiger

The SEC should not go ahead with a proposal to expand the "best price" rule, according to officials of several electronic firms who were attending a recent American Enterprise Institute (AEI) conference. Among those at the conference were officials of Instinet, Nasdaq, White Cap Trading and Archipelago. "We are philosophically opposed to the continuance of the trade-through rule," Jamie Selway, chairman of White Cap Trading, told Traders Magazine.

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