JPM, UBS to Amex: 'No More Stale Quotes'
FRONT PAGE: EXCHANGE TECHNOLOGIES
NEW YORK--JPMorgan and UBS officials are willing to explore changes to the "short sale" rule, but they question the ability of the American Stock Exchange’s systems to support the process.
In a joint comment letter to the U.S. Securities and Exchange Commission (SEC) regarding its proposal to overhaul the regulation of short sales in equities, JPMorgan and UBS officials cast doubt that the overhaul as proposed would be feasible, partly due to the alleged slow, unreliable quotation technology at
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