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From: TFF	3/9/2005 4:13:30 PM
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NYSE CEO hopes 'hybrid market' plan okayed in 3-4 weeks By GASTON CERON Dow Jones Newswires March 8, 2005, 12:18 PM EST NEW YORK (Dow Jones/AP) _ New York Stock Exchange Chief Executive John Thain said he hopes the exchange's "hybrid market" proposal and the Securities and Exchange Commission's package of market-structure reforms are both approved in the next three to four weeks. Thain spoke to reporters in New York Tuesday, after speaking at a Hewlett-Packard International Exchange and Clearing Forum. The NYSE's hybrid-market plan would bring more automation of trading to the 212-year-old exchange, while preserving the role of the Big Board's trading floor. The SEC is considering the NYSE proposal _ even as it considers its own, broader package of market-structure changes, Regulation NMS. During his remarks at the forum, Thain also said there may be more mergers among U.S. markets. "We have too many exchanges," he said.

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