Fidelity to NYSE: Quit Specialist System

Discussion in 'Politics & Religion' started by omcate, Oct 14, 2003.

  1. omcate

    omcate

    Tuesday October 14, 10:28 am ET
    By Svea Herbst-Bayliss

    BOSTON (Reuters) - Fidelity Investments (News - Websites) , the No. 1 mutual fund company, is pressuring the New York Stock Exchange (News - Websites) to quit a centuries-old auction system where floor traders match buyers and sellers, saying the system hurts investors.

    http://biz.yahoo.com/rb/031014/financial_nyse_fidelity_2.html
     
  2. why is this in the chit chat forum???? although i know someone else already posted this article on a previoyus thread.
     
  3. nitro

    nitro

    This should be moved out of chit chat. What forum I do not know (although I put something similar in resources)

    nitro