|NYSE Group in October announced that it entered into discussions with NASD to create a trade reporting facility serving NYSE Group customers reporting off-exchange trades in all listed NMS stocks.
“NYSE Group is dedicated to offering our customers the most diverse array of products and services,” said Jerry Putnam, NYSE Group president and co-COO. “For customers seeking a reliable and competitively priced venue to report internally executed transactions, our trade reporting facility will be a low-cost, high-value option.”
The proposed trade reporting facility will be launched in early 2007 and will conform to the NASD’s new trade reporting arrangement approved by the Securities and Exchange Commission.
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