October 30, 2007
NYSE-Joint Venture to Encourage Block Trades
The NYSE and a consortium of 12 brokerage firms announced a joint venture to encourage block trades again. It will specialize in matching orders for 10,000 or more shares privately. The NYSE wants the lucrative block trades business, and the big investors want greater ease and more privacy. WSJ, Shhh, NYSE Aims to Bring Back Blocks.
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