More NYSE Volume, Smaller Market Share?
Traders Magazine, January 2005
The NYSE's proposed hybrid model - and its Reg NMS restructuring - would result in more automation, bigger volume, but ultimately a decline in the Big Board's market share, according to Chris Concannon, Nasdaq's executive vice president for transaction services. "What you're doing is eliminating friction in the market center and promoting increased transaction activity. The by-product is increased volume," Concannon told Traders Magazine.
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