Wunsch Attacks NYSE Request To Waive Crossing Session Fees
THIS WEEK'S LEAD STORIES
Steven Wunsch, president of Wunsch Auction Systems Inc. (WASI), has told the Securities and Exchange Commission that the New York Stock Exchange's request for an exemption from transaction fees for its proposed off-hours crossing session would be unfair to other automated networks such as his own.
WASI operates the Single Price Auction Network (SPAworks). The system is designed to provide an after-hours alternative to continuous trading on the New York and other exchanges. Unlike crossing nets
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