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The Sec's New Market Designs


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THE SEC'S NEW MARKET DESIGNS

Traditional stock exchanges won't be at all pleased with the Securities & Exchange Commission's long-awaited blueprint for a new market structure. In its Market 2000 study, SEC staff have recommended changes to a long-standing New York Stock Exchange rule that bars members from trading stocks listed elsewhere. The SEC also rejected proposals that would heavily regulate the automated systems, which it said have been good for investors.EDITED BY KEITH H. HAMMONDS


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