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Article: Trading places. (competition for market share increases between New York Stock Exchange, Nasdaq, and American Stock Exchange)
- Article from:
- The Economist (US)
- Article date:
- March 25, 1995
CopyrightCOPYRIGHT 1995 Economist Newspaper Ltd. 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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THE battle for market share between America's three main equity markets--the New York Stock Exchange (NYSE), the Nasdaq electronic stockmarket and the smaller American Stock Exchange (AMEX)--is getting hotter. The NYSE and AMEX are seeking to profit from allegations of price-fixing by dealers on Nasdaq, which, despite this, for the first time had a higher turnover (in volume, not value) than the NYSE last year. On March 20th, Nasdaq unveiled a new trading system that may go some way to appeasing its critics by improving its efficiency in handling orders for investors.
That will not deter the two floor-based exchanges, which have been trying to tempt firms quoted on ...