NYSE Seeks Sec Ok To Defer Plan To Open Specialists' Book

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The New York Stock Exchange is seeking Securities and Exchange Commission clearance to defer plans to publish three times a day the contents of specialists' order books. The exchange -- which first hailed the plan in 1989 as part of an effort to provide "as much sunshine to the marketplace as possible" -- now cites lack of interest as its reason for setting it aside.

The NYSE submitted its open book proposal to the SEC in July 1990. Last February, the SEC gave the exchange the go- ahead to

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