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SIFMA Slams NSX’s Anti-ECN Proposal

Traders Magazine Online News, March 11, 2013

Peter Chapman

The Securities Industry & Financial Markets Association asked the Securities and Exchange Commission in a letter last week to disapprove a proposal by the National Stock Exchange to adopt a new order type that would allow traders to bypass the quotes of the exchange’s two largest customers—the LavaFlow and Light Pool ECNs.

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