NYSE and Nasdaq to Increase Resilience of Closing Auction Process for U.S. Equities

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NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (NYSE) and Nasdaq (Nasdaq: NDAQ), today announced a framework that will create a more resilient market by providing an additional layer of redundancy for the closing auction of U.S. equities. The exchanges will file the proposals with the Securities and Exchange Commission (SEC). The new framework is being proposed in response to input from industry participants and regulators so that investors and market participants can be confident in cl

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