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Article: Baruch Panelists Make Case for NYSE Changes.
- Article from:
- Securities Industry News
- Article date:
- May 5, 2003
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Addressing problems related to the New York Stock Exchange and creating a level playing field were among the topics raised at a Baruch College conference on institutional trading-related issues last week.
Bernie Madoff, chairman of Bernard L. Madoff Investment Securities, suggested that the Securities and Exchange Commission require the NYSE to provide an automated execution capability, similar to what's offered by the Cincinnati Stock Exchange and Nasdaq. "I'd say if you took a poll of almost every retail investor, and certainly probably every institutional investor, they would say I would be happy to forgo maybe getting a better price by somebody who chose not ...