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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: John Chapman who wrote (5222)10/19/1999 12:41:00 AM
From: Lizzie Tudor  Respond to of 10027
 
Careful... I was thinking today was a bounce off the bottom but there appears to be this news, which was not on yahoo. I thought that spike in the am had to be news related in some way.

Separately, Levitt said the SEC will soon vote on a proposal to open up trading in many New York Stock Exchange-listed stocks to National Association of Securities Dealers firms, such as Knight/Trimark Group Inc. and Bernard L. Madoff Investment Securities.

These firms now must go through a regional stock market if they want to trade stocks, such as General Electric Co. and International Business Machines Corp., that were listed on the Big Board before 1979. The SEC proposal would let the firms use the low-cost Intermarket Trading System to route their trades.

This proposal, which already has been issued for public comment by the SEC, wouldn't affect the Big Board's Rule 390 that prohibits NYSE member firms from trading stocks listed before 1979 in other markets. Knight/Trimark and Madoff Securities aren't NYSE members.

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