New NYSE Rules Attract Lehman
Traders Magazine, February 2008
New York Stock Exchange rule changes that would favor specialists lay behind Lehman Brothers' decision to enter the floor market-making business. Lehman said it can run a profitable market-making business on the NYSE floor if the Big Board ultimately relaxes rules governing specialist behavior. That includes rules affecting capital levels, hedging and parity, among others, according to a knowledgeable Lehman source.
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