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NYSE Floor Broker Takes Measured View on Hybrid

Traders Magazine, September 2005

Gregory Bresiger

An NYSE floor brokerage firm, Rosenblatt Securities, criticized some aspects of the latest hybrid plan, but also said that the advantages specialists receive are inherent in the nature of the New York Stock Exchange. "We generally endorse the elements of the hybrid that merely try to recreate the ability of specialists and floor brokers to continue to perform their current functions in an auto-ex world," said Joe Gawronski, chief operating officer of Rosenblatt.

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