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ArcaEx Proposes Best Execution Protection Programme

At 01 May 2005 19:45:54 in ET-Best Execution, ET-News in Brief, Electronic Trading    Print Article  Email Article   Full content requires subscription 

The Archipelago Exchange (ArcaEx) is proposing to introduce a new market-making programme aimed at encouraging price improvement and supplemental liquidity for stocks traded on ArcaEx. The proposal – subject to Securities and Exchange Commission clearance – will protect best prices, ensuring compliance with the trade-through provisions of Regulation National Market System (Reg NMS) due for implementation in a year’s time.

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