Hybrid Starts Phase III

At press time, the New York Stock Exchange (NYSE) was slated to begin its third phase of the Hybrid Market trading platform on Oct. 6, Friday, according to NYSE officials. The launch of the pilot production follows a successful market-wide training exercise on Sept. 30 that involved approximately 90 market participants, officials say. The third phase began with the new trading platform trading two NYSE-listed securities, American Express Co. (AXP) and Equity Office

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