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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who started this subject10/17/2003 12:20:48 PM
From: DiB  Read Replies (2) of 65232
 
businessweek.com

This Blow May Bolster the Big Board

Friday October 17, 8:21 am ET
By Gary Weiss

If the trading floor is the heart and soul of the New York Stock Exchange, the Big Board's announcement on Oct. 16 was a dagger to the heart. Five of the seven NYSE specialist firms -- which have a monopoly on stock trading on the exchange floor -- have been informed that "disciplinary action" will be brought against them for allegedly trading ahead of customer orders and otherwise taking advantage of their privileged position on the trading floor.
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