“The NYSE proposal promises to benefit individual and institutional investors by increasing execution opportunities provided by the exchange,” said Donald D. Kittell, SIA’s executive vice president. “We and other market participants will be studying the proposal in more detail, but it appears to offer benefits for all investors, particularly increased choice, flexibility, and competition."
In a letter today to the Securities and Exchange Commission, the NYSE proposed the elimination of limits on the size, timing, and types of orders that can be submitted to Direct +. (More details available at: http://www.nyse.com/press/p1020656068695.html?displayPage=%2Fevents%2F1091182737552.html )
