Wunsch Gets Sec Exemption, Plans Launch Of SPAworks
THIS WEEK'S LEAD STORIES
The Securities and Exchange Commission last week voted to approve an exemption sought by Wunsch Auction Systems Inc. that would allow its proposed automated exchange to begin trading as soon as next month. WASI had sought exemption from registering its Single Price Auction Networks (SPAworks) as an exchange on the grounds of anticipated low volume.
Steven Wunsch, principal of WASI, says trading could start in mid-March or a few weeks later. "We've been testing the system with over 100 customers
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