November 20, 2008
Brokers required to accept best price
NEW YORK – In one of the most sweeping changes to stock-trading rules in years, a divided Securities and Exchange Commission yesterday narrowly approved a new regulation requiring brokers to accept the best quoted price for any transaction, no matter which market it comes from.
PFTS awaits IMF decision, freezes stock trading
The beginning of the Wednesday session was extremely weak, Tiger Asset Management reports. By noon, the volume of trading reached $22 million with over 90 percent being represented by public bond deals.
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