DMA Brokers Prep for Trade Through
Traders Magazine, November 2005
Broker-dealers engaged in direct market access trading are asking the Securities and Exchange Commission for help as they try to adapt their systems to the regulator's new trade-through mandate. "We still need some guidance on the interpretation," said Tal Cohen, an Instinet executive and member of the Security Industry Association's trade-through rule committee, "and a better understanding of the exemptions."
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