Opening up the exchange



A recent proposal by the New York Stock Exchange may open up a hitherto untappedsection of the bond market to retail investors. Over the past several months,the New York Stock Exchange (NYSE) has been in discussions with the Securitiesand Exchange Commission (SEC) over a proposal that would allow the Exchange totrade thousands of unlisted corporate bonds.

Tim Compin, director of corporate trading at Cleveland-based National City Investments,says that the initiative will benefit retail investors

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