BRIEF TRANSMISSIONS

BRIEF TRANSMISSIONS

Tellefsen Consulting Group Inc. study commissioned by New York, Pacific and Philadelphia Stock Exchanges was filed with Securities and Exchange Commission. Study looks at market integration for multiple listing of options, and estimates implementation time of 12 to 15 months at cost of $3.3 million to $6.3 million for integrated system. First phase of project would be RFP after exchanges decide on functional specifications. At meeting of House Subcommittee on Telecommunications and Finance

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