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2007 Review: Reg NMS Trade-Through Rule Leaves Mark

The Year in Trading

Traders Magazine, December 2007

James Ramage

Regulation National Market System is here. Now what? The past year witnessed the implementation of what was called the most sweeping rule changes to hit the securities industry in decades. Reg NMS not only forced the once-manual New York Stock Exchange to go electronic, it created competition among market centers and prompted investments in the regionals and ECNs like BATS and Direct Edge.

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