Merrill Lynch Lambasts London Exchange Over SEAQ Rule Changes


Merrill Lynch & Co. last week attacked recent rule changes announced by the International (London) Stock Exchange, claiming the moves amount to closing the door to foreign competition and restoring "the old oligopoly" that dominated the market before the Big Bang deregulation in 1986.

In a Feb. 28 speech to the Association of Corporate Treasurers in London, Merrill Lynch Capital Markets vice-chairman John G. Heimann said the changes -- announced early last month -- "appear to owe their

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