Fidelity to NYSE: Quit Specialist System

[omcate]

Tuesday October 14, 10:28 am ET
By Svea Herbst-Bayliss

BOSTON (Reuters) - Fidelity Investments (News - Websites) , the No. 1 mutual fund company, is pressuring the New York Stock Exchange (News - Websites) to quit a centuries-old auction system where floor traders match buyers and sellers, saying the system hurts investors.

http://biz.yahoo.com/rb/031014/financial_nyse_fidelity_2.html

 

[C Robinson]

why is this in the chit chat forum???? although i know someone else already posted this article on a previoyus thread.

 

[nitro]

This should be moved out of chit chat. What forum I do not know (although I put something similar in resources)

nitro