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Article: Reg NMS Countdown Down to Three Final Phases:Technology experts confident as they hit pilot milestone today.
- Article from:
- Securities Industry News
- Article date:
- July 9, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. 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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Three of the four deadlines for Regulation National Market System (NMS) are on the horizon between now and the fall, starting with the pilot phase today for 249 stocks--100 on the Nasdaq Stock Market, 99 on the New York Stock Exchange and 50 on the American Stock Exchange--to meet the price transparency and execution mandates. On Aug. 20, the rest of the listed and over-the-counter markets should be complying with Reg NMS, including internalized and automated trading center trades. By Oct. 8, all trading is expected to be automated.
The Securities and Exchange Commission's market-structure rule changes under the Securities Exchange Act of 1934 became final in June ...