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NYSE in the Hot Seat
Updated from 10:52 a.m.
New York Stock Exchange(NYX Quote) chief John Thain rejected the notion that the exchange's handling of a Tuesday trading surge is under investigation in Washington.
The Wall Street Journal reported the Securities and Exchange Commission is looking into whether the NYSE's recent closure of one of its five trading floors hamstrung the Big Board's response to Tuesday's heavy volume. But Thain said Thursday that the NYSE's problems Tuesday were with its messaging system, not with trading. ...
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