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Nasdaq Beats NYSE to the Punch

Trading Information Takes Center Stage in Exchange Battle

Traders Magazine, September 2008

Peter Chapman

Last November, two New York Stock Exchange specialist firms, citing poor economics, gave up their rights to trade their assigned stocks. For investor relations executives, charged with keeping up with the trading in those stocks, the moves were not helpful. Under the NYSE's Hybrid marketplace, the specialists had become less valuable sources of information anyway, but they were all they had. That's when Nasdaq stepped into the breach.

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