Floor Brokers Object To MSE Bid To Create Crossing Mechanism


The Alliance of Floor Brokers has lodged a complaint with the Securities and Exchange Commission over the Midwest Stock Exchange's plan to establish an after-hours crossing mechanism (TST, July 17). The complaint follows on the heels of the alliance's recent objections to the New York Stock Exchange's proposal to trade a basket instrument (see related article, this issue).

The alliance, which represents 400 broker/dealers, says the proposed network would "significantly threaten the public

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