Financial Times FT.com

NYSE chief looks to incarnation of uptick rule

By Anuj Gangahar in New York

Published: March 12 2009 02:26 | Last updated: March 12 2009 02:26

Mounting political pressure will result in an incarnation of the so-called uptick rule, abolished amid a chorus of criticism before the worst of the financial crisis, but the exact form of these curbs remains in question, according to Duncan Niederauer, chief executive of NYSE Euronext.

Mr Niederauer on Wednesday met top officials at the Securities and Exchange Commission and discussed, among other matters, the possible reinstatement of the rule or similar measures.

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