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Article: Radnor Research joins NYSE: The Main Line company is among the specialized trade-execution firms the Big Board is adding.
- Article from:
- The Philadelphia Inquirer (Philadelphia, PA)
- Article date:
- November 29, 2006
CopyrightCOPYRIGHT 2006 The Philadelphia Inquirer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Joseph N. DiStefano
Nov. 29--A Main Line trading firm is the newest member of the New York Stock Exchange.
Radnor Research & Trading Co. L.L.C. said yesterday that it had joined the exchange, taking control of three of the 1,366 trading seats after a yearlong application process that spanned the Big Board's conversion from a member-owned cooperative to a publicly traded corporation.
"We're part of a trend of highly specialized, niche-type" stock and options trade-execution firms that are joining the exchange, said cofounder and president Morgan Simpson, who started the firm three years ago with James Crompton.
Membership ...