NYSE To Cut Out Goldman Et Al?

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by StockJockey
Thursday, June 22, 2006 - 7:58 am

In a move that would piss off a whole lot of people, the NYSE may be looking to disintermediate the brokerage firms that were its sole owners until the exchange went public earlier this year. The rationale? “The exchange is no longer a member owned co-operative, it must think like a large trading company,” said Instinet CEO Ed Nicoll. “It must maximize revenue and profit opportunities for its shareholders.”
NYSE May Bypass Brokerages [Crain’s]

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