NYSE 144A System Will Support Trading In Private Placements
THIS WEEK'S LEAD STORIES
As any late entrant knows, you'd better have a trick up your sleeve if you're going to catch up to the lead. The New York Stock Exchange's board of directors, in its Sept. 11 announcement of plans to go ahead with an unregistered- securities trading system under the Securities and Exchange Commission's Rule 144a, may have surprised its rivals on a number of counts.
The NYSE announcement followed the implementation of the National Association of Securities Dealers' PORTAL (Private Offerings and
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