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It's the Companies, Stupid: A New Trading Proposal Would Hurt Public Companies and Tens of Millions of Average Investors

Business Insider

The Securities & Exchange Commission this month invited the public to comment on a proposal by Bats—a U.S. stock exchange operator—to offer an alternative closing auction for securities listed on other U.S. exchanges. Bats claims broad support from the financial services industry for this proposal, and it’s no wonder why: Wall Street intermediaries could save as much as $40 million should it go into effect...

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