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NEW YORK (AP) — Shares of exchange and trading platform operators mostly rose Thursday morning after the sector was upgraded by Goldman Sachs Group Inc.
Goldman upgraded the "market structure" sector to "Neutral" from "Cautious" amid better-than-expected trends in equities and options trading. Stock valuations in the sector are beginning to reflect potential growth rather than concern about a collapse in capital markets, Goldman analyst Daniel Harris wrote in a research note.
It appears the sector has passed its bottom amid the ongoing global economic downturn and operating performance should begin to improve, Harris wrote in the note. ...
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