MSE Plans Off-Hours Network For NYSE Portfolio Trades
THIS WEEK'S LEAD STORIES
The Midwest Stock Exchange is awaiting Securities and Exchange Commission approval for a "crossing network" that will attempt to stem the flow of after-hours trading in listed stocks to overseas markets. But the Midwest's proposed service would require institutional traders to route their orders through intermediaries.
Unlike crossing networks such as Jeffries & Co.'s POSIT and Instinet Corp.'s Crossing Network, the Midwest's proposed network brings brokers back into the loop. According to Roger
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