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This is driven by penny trading that allows the NYSE specialist to price
improve by a penny and keep the the order there as opposed to being sent to
an ECN.
-----Original Message-----
From: JAC1390@xxxxxxx [mailto:JAC1390@xxxxxxx]
Sent: Wednesday, March 20, 2002 2:16 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] (no subject)
Seats on New York Stock Exchange memberships are close to record levels.
All-time high $2,650,000.
Bid $2,400,000 Offer $3,365,000
Last Sale 3/07/02 $2,475,000
Could this be in anticpation of a take-over of ASE? Or could this be
members believing that stock index futures will offer NYSE members a
tremendous entre?
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