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[RT] NYSE Penny Trading



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----- Original Message ----- 
"Jacobson, Alex" wrote:


> 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.

Alex,  Could you give an example of this?
You mean an existing order on the specialist books or a limit order that 
comes in FOK or what?
Neal

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