House Subcommittee Readies Hearing On Off-Exchange Price Reporting

THIS WEEK'S LEAD STORIES

The U.S. House of Representatives Subcommittee on Telecommunications and Finance will hold a hearing in late July or early August to deal with the impact of computerized off-exchange trading systems on the National Market System's ability to produce a "best price" for individual securities.

Industry observers say the result of this hearing and others to come may be a reformulation of the way securities prices are reported. The Securities and Exchange Commission is now making a new effort to