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Article: Industry Sees NYSE as NMS Winner.(New York Stock Exchange Inc)
- Article from:
- Securities Industry News
- Article date:
- April 11, 2005
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The Securities and Exchange Commission's approval of Regulation NMS, which among other things will extend the trade-through rule across all markets, is being viewed by industry watchers as a victory for the New York Stock Exchange.
"I think NYSE is a big winner in this--it will accelerate their embrace of electronic trading and evolution to the hybrid market,'" says William Cline, managing partner of Accenture's global capital markets practice. "To benefit from Reg NMS and the trade-through rule, it's necessary that NYSE become a fast market.' If the trade-through rule is extended to the Nasdaq market, then this could open the door for the NYSE to increase their ...