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New York Stock Exchange said to be seeking market overhaul
New York Stock Exchange said to be seeking market overhaul

The New York Stock Exchange is working to marshal Wall Street support for a plan that would overhaul features of the U.S. stock market that have drawn criticism from investors in the last year. A draft proposal circulated by the NYSE among investors and brokers seeks a grand bargain across the industry, according to a person who saw it who asked not to be named. The arrangement would include curbs to keep most trades off private venues such as dark pools and agreements by exchanges to cut trading fees and stop an incentive system known as maker-taker. The NYSE hopes to win enough support to take the plan to regulators for formal approval, according to brokers who have spoken to...

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