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NYSE float ends 200-year era


More than two centuries ago, 24 brokers signed an agreement laying the groundwork for the New York Stock Exchange. Yesterday the exchange's 1366 members rebuilt that foundation.

They voted in favour of the NYSE's proposed purchase of Archipelago Holdings Inc, an electronic market based in Chicago, transforming the world's largest stockmarket into NYSE Group Inc, a publicly traded company.

Trading suspended in J-Com after 30-billion-yen typo blunder by Mizuho Securities


Japanese broker is in hot water after a typo mistake - instead of ¥610,000 for ONE share, they sold 610,000 shares for ¥1: The Tokyo Stock Exchange (TSE) on Friday suspended trading in J-Com Co., a day after its stock was sold in a mistake that could cost Mizuho Securities Co. 30 billion yen in damages.

The TSE said it wants to prevent a repeat of the market turmoil Thursday caused when a Mizuho Securities trader placed an erroneous sell order of J-Com shares.

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