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Wednesday, November 9, 2011

US SEC OKs tougher listing rules for reverse mergers, (NYSE: NYX)

U.S. securities regulators approved strict new listing standards for reverse merger companies on Wednesday amid a rash of recent accounting scandals. Under the new listing standards approved by the U.S. Securities and Exchange Commission, any company that becomes public through a reverse merger will have to meet stricter new requirements before they can list on NASDAQ OMX , NYSE Euronext and NYSE AMEX.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX fell by 2.83% or $-0.78/share to $26.78. In the past year, the shares have traded as low as $23.24 and as high as $41.60. On average, 4051510 shares of NYX exchange hands on a given day and today's volume is recorded at 2808294.



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