Monday, June 11, 2007
NYSE relax rules
NYSE relaxed long-standing rules taht limited floor brokers to trade only Big Board listed shares.
SEC approved change today, paving the way for floor traders to execute transactions on any exchange, inculding NASDAQ and ASE.
The old rule was intended to guard against brokers exploiting information gleaned on the floor to execute trades in the OTC market.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment