NYSE Concerned About Reg NMS

INDUSTRY ISSUES

The New York Stock Exchange is the latest to criticize Regulation National Market System, the Securities and Exchange Commission's proposed answer to distortions in the equities market, although it has a different solution.

The NYSE argues that the NMS rules need to be modernized in several ways, including market data dissemination, repeating the views of Nasdaq and the Securities Industry Association (IMD, July 5).

Specifically, NYSE executives say the SEC's proposed revenue allocation solu

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