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NYSE Hybrid Proposal Strikes Compromises; Approval Likely, But Not All Are Happy

Traders Magazine, November 2005

Gregory Bresiger

Passage of the New York Stock Exchange's much amended market plan now appears likely. The Big Board filed a "non-substantive" seventh amendment to the plan last month. That plan mainly supports those exchange rules affected by the sweeping proposal intended to increase electronic trading at the mostly open outcry bourse. The amendment included no further changes, leading observers to conclude the battle to reshape the exchange was over.

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