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9900
SEC adopts rules to improve investor access to best stock prices .
<response> <organization>SEC</organization> adopts rules to improve investor access to best stock prices . </response>
9901
WASHINGTON 1996-08-28
<response> <location>WASHINGTON</location> 1996-08-28 </response>
9902
The Securities and Exchange Commission Wednesday approved rules designed to give stock market investors a better chance at getting the best price available for their orders .
<response> The <organization>Securities and Exchange Commission</organization> Wednesday approved rules designed to give stock market investors a better chance at getting the best price available for their orders . </response>
9903
The so-called order handling rules , which were proposed last September , were approved in a 4-0 vote .
<response> The so-called order handling rules , which were proposed last September , were approved in a 4-0 vote . </response>
9904
The new rules will require specialists at stock exchanges and market makers on Nasdaq to allow customers to view price quotes from other electronic trading systems that may not be readily available to them .
<response> The new rules will require specialists at stock exchanges and market makers on <misc>Nasdaq</misc> to allow customers to view price quotes from other electronic trading systems that may not be readily available to them . </response>
9905
The rules will also require that customer limit orders be displayed with prices better than those available in quotes publicly available at the time .
<response> The rules will also require that customer limit orders be displayed with prices better than those available in quotes publicly available at the time . </response>
9906
Specialists and market makers are companies or individuals recognised as qualified to maintain an orderly market in a stock .
<response> Specialists and market makers are companies or individuals recognised as qualified to maintain an orderly market in a stock . </response>
9907
In a limit order , investors specify the price at which they are willing to buy or sell , as opposed to a market order executed at prevailing prices .
<response> In a limit order , investors specify the price at which they are willing to buy or sell , as opposed to a market order executed at prevailing prices . </response>
9908
" These rules are intended to empower all investors , by allowing their orders to compete on a level playing field , and by providing the disclosure they need to make informed decisions , " said SEC Chairman Arthur Levitt .
<response> " These rules are intended to empower all investors , by allowing their orders to compete on a level playing field , and by providing the disclosure they need to make informed decisions , " said <organization>SEC</organization> Chairman <person>Arthur Levitt</person> . </response>
9909
The SEC 's goal , he added , was to create " one system where one price could be available to everybody . "
<response> The <organization>SEC</organization> 's goal , he added , was to create " one system where one price could be available to everybody . " </response>
9910
The director of the SEC 's division of market regulation , Richard Lindsey , said Wall Street firms will probably need to spend about $ 7 million to carry out the improvements called for by the new rules .
<response> The director of the <organization>SEC</organization> 's division of market regulation , <person>Richard Lindsey</person> , said <location>Wall Street</location> firms will probably need to spend about $ 7 million to carry out the improvements called for by the new rules . </response>
9911
In proposing the rules last year , the SEC noted that while technology has improved , commonplace practices still existed that worked against investors ' best interests .
<response> In proposing the rules last year , the <organization>SEC</organization> noted that while technology has improved , commonplace practices still existed that worked against investors ' best interests . </response>
9912
It noted that customers whose orders were not displayed lost the chance of getting the best possible price available in the market .
<response> It noted that customers whose orders were not displayed lost the chance of getting the best possible price available in the market . </response>
9913
It also cited the potential problem of a two-tiered market in which market makers quote one price to public investors while quoting better prices in private systems , thus robbing investors without access to " hidden " quotes the benefit of the best available prices .
<response> It also cited the potential problem of a two-tiered market in which market makers quote one price to public investors while quoting better prices in private systems , thus robbing investors without access to " hidden " quotes the benefit of the best available prices . </response>
9914
Earlier this month , the SEC settled charges of alleged malpractices on Nasdaq when the parent of the Nasdaq market , the National Association of Securities Dealers , agreed to spend $ 100 million over five years to upgrade its oversight of brokers ' trading practices .
<response> Earlier this month , the <organization>SEC</organization> settled charges of alleged malpractices on <misc>Nasdaq</misc> when the parent of the <misc>Nasdaq</misc> market , the <organization>National Association of Securities Dealers</organization> , agreed to spend $ 100 million over five years to upgrade its oversight of brokers ' trading practices . </response>
9915
The SEC dropped a third proposal that would have allowed investors with market orders to trade at a better price if there were shifts in prices before their orders were executed .
<response> The <organization>SEC</organization> dropped a third proposal that would have allowed investors with market orders to trade at a better price if there were shifts in prices before their orders were executed . </response>
9916
The agency said it would monitor effects of the two new rules before considering the " price improvement " proposal again .
<response> The agency said it would monitor effects of the two new rules before considering the " price improvement " proposal again . </response>
9917
The agency also proposed rule changes that would require continuous " bid " and " ask " quotations from exchange specialists and market makers who trade more than 1 percent of a stock during any quarter on Nasdaq .
<response> The agency also proposed rule changes that would require continuous " bid " and " ask " quotations from exchange specialists and market makers who trade more than 1 percent of a stock during any quarter on <misc>Nasdaq</misc> . </response>
9918
The SEC 's limit order display rule will mean a major change for Nasdaq , where such orders have never been displayed .
<response> The <organization>SEC</organization> 's limit order display rule will mean a major change for <misc>Nasdaq</misc> , where such orders have never been displayed . </response>
9919
The president of the Nasdaq , Alfred Berkeley , was to hold a news conference Wednesday afternoon to elaborate on the new rules ' effects on the market , the second largest in the world .
<response> The president of the <misc>Nasdaq</misc> , <person>Alfred Berkeley</person> , was to hold a news conference Wednesday afternoon to elaborate on the new rules ' effects on the market , the second largest in the world . </response>
9920
ITALIAN CABINET APPROVES TELEVISION DECREE .
<response> <misc>ITALIAN</misc> CABINET APPROVES TELEVISION DECREE . </response>
9921
ROME 1996-08-28
<response> <location>ROME</location> 1996-08-28 </response>
9922
The Italian cabinet on Wednesday granted a reprieve for media mogul Silvio Berlusconi 's Mediaset television empire with a decree extending the current legal framework for television stations until January 31 , 1997 .
<response> The <misc>Italian</misc> cabinet on Wednesday granted a reprieve for media mogul <person>Silvio Berlusconi</person> 's <organization>Mediaset</organization> television empire with a decree extending the current legal framework for television stations until January 31 , 1997 . </response>
9923
The decree plugs a legal void in which magistrates could have forced the former prime minister to take one of the three stations he controls off the air because of a court ruling that no single proprietor should be allowed to keep three channels .
<response> The decree plugs a legal void in which magistrates could have forced the former prime minister to take one of the three stations he controls off the air because of a court ruling that no single proprietor should be allowed to keep three channels . </response>
9924
Passengers injured in train collision in Linz .
<response> Passengers injured in train collision in <location>Linz</location> . </response>
9925
LINZ , Austria 1996-08-28
<response> <location>LINZ</location> , <location>Austria</location> 1996-08-28 </response>
9926
A passenger train collided with a locomotive at a main railway station in Linz on Wednesday and police said around 10 people were injured .
<response> A passenger train collided with a locomotive at a main railway station in <location>Linz</location> on Wednesday and police said around 10 people were injured . </response>
9927
Austrian television reported earlier that more than 20 had been hurt in the accident at the station in Linz , 300 km ( 180 miles ) west of Vienna .
<response> <misc>Austrian</misc> television reported earlier that more than 20 had been hurt in the accident at the station in <location>Linz</location> , 300 km ( 180 miles ) west of <location>Vienna</location> . </response>
9928
" One locomotive was stationary and the passenger train collided into the back of it , " a police spokesman in Linz told Reuters by telephone .
<response> " One locomotive was stationary and the passenger train collided into the back of it , " a police spokesman in <location>Linz</location> told <organization>Reuters</organization> by telephone . </response>
9929
The express passenger train travelling from Steyr , southeast of Linz , with around 80 people on board , hit the back of a service locomotive used to shunt wagons into sidings .
<response> The express passenger train travelling from <location>Steyr</location> , southeast of <location>Linz</location> , with around 80 people on board , hit the back of a service locomotive used to shunt wagons into sidings . </response>
9930
The police spokesman said he was not sure whether any more passengers were still trapped in the wreckage .
<response> The police spokesman said he was not sure whether any more passengers were still trapped in the wreckage . </response>
9931
Doctors and medical staff from a hospital across the road from the station were at the scene of the accident within minutes and were able to treat the injured quickly , he added .
<response> Doctors and medical staff from a hospital across the road from the station were at the scene of the accident within minutes and were able to treat the injured quickly , he added . </response>
9932
Greater damage was averted as the driver of the passenger train had time to apply his emergency brakes before the collision occurred , a state railways spokesman told Austrian news agency APA .
<response> Greater damage was averted as the driver of the passenger train had time to apply his emergency brakes before the collision occurred , a state railways spokesman told <misc>Austrian</misc> news agency <organization>APA</organization> . </response>
9933
Saskatchewan Wheat Pool eyes hog market .
<response> <organization>Saskatchewan Wheat Pool</organization> eyes hog market . </response>
9934
WINNIPEG 1996-08-28
<response> <location>WINNIPEG</location> 1996-08-28 </response>
9935
Canada 's largest grain handling firm said Wednesday it expects to forge a partnership with hog farmers by 1997 with a view to expanding the company 's scope into pork production .
<response> <location>Canada</location> 's largest grain handling firm said Wednesday it expects to forge a partnership with hog farmers by 1997 with a view to expanding the company 's scope into pork production . </response>
9936
" Saskatchewan is well positioned to take advantage of growing world markets for pork , " Saskatchewan Wheat Pool chief executive Don Loewen said in a company statement .
<response> " <location>Saskatchewan</location> is well positioned to take advantage of growing world markets for pork , " <organization>Saskatchewan Wheat Pool</organization> chief executive <person>Don Loewen</person> said in a company statement . </response>
9937
SWP said it was analyzing potential partnerships with hog farmers and expected the first deal to be in place in 1997 .
<response> <organization>SWP</organization> said it was analyzing potential partnerships with hog farmers and expected the first deal to be in place in 1997 . </response>
9938
The end of Canada 's rail freight subsidy last year caused a shift in feed grain production to the eastern Prairie .
<response> The end of <location>Canada</location> 's rail freight subsidy last year caused a shift in feed grain production to the eastern Prairie . </response>
9939
Analysts said livestock production would likely shift to the eastern Prairie rather than feed grains being shipped to the western Prairie .
<response> Analysts said livestock production would likely shift to the eastern Prairie rather than feed grains being shipped to the western Prairie . </response>
9940
SWP said it may develop pork production systems that provide farmers with large integrated units , and it may consider contracting programs between producers and packers which would operate within the existing hog market framework .
<response> <organization>SWP</organization> said it may develop pork production systems that provide farmers with large integrated units , and it may consider contracting programs between producers and packers which would operate within the existing hog market framework . </response>
9941
Saskatchewan Pork International Marketing Group has an export monopoly but some Saskatchewan farmers earlier this month called for an open market in hogs .
<response> <organization>Saskatchewan Pork International Marketing Group</organization> has an export monopoly but some <location>Saskatchewan</location> farmers earlier this month called for an open market in hogs . </response>
9942
-- Gilbert Le Gras 204 947 3548
<response> -- <person>Gilbert Le Gras</person> 204 947 3548 </response>
9943
ATHLETICS - ROVERETO INTERNATIONAL MEETING RESULTS .
<response> ATHLETICS - <misc>ROVERETO INTERNATIONAL</misc> MEETING RESULTS . </response>
9944
ROVERETO , Italy 1996-08-28
<response> <location>ROVERETO</location> , <location>Italy</location> 1996-08-28 </response>
9945
Leading results from an
<response> Leading results from an </response>
9946
international athletics meeting on Wednesday :
<response> international athletics meeting on Wednesday : </response>
9947
Women 's long jump :
<response> Women 's long jump : </response>
9948
1. Ludmila Ninova ( Austria ) 6.72 metres
<response> 1. <person>Ludmila Ninova</person> ( <location>Austria</location> ) 6.72 metres </response>
9949
2. Heike Drechsler ( Germany ) 6.65
<response> 2. <person>Heike Drechsler</person> ( <location>Germany</location> ) 6.65 </response>
9950
3. Fiona May ( Italy ) 6.64
<response> 3. <person>Fiona May</person> ( <location>Italy</location> ) 6.64 </response>
9951
Men 's 110 metres hurdles :
<response> Men 's 110 metres hurdles : </response>
9952
1. Emilio Valle ( Cuba ) 13.42 seconds
<response> 1. <person>Emilio Valle</person> ( <location>Cuba</location> ) 13.42 seconds </response>
9953
2. Steve Brown ( U.S. ) 13.45
<response> 2. <person>Steve Brown</person> ( <location>U.S.</location> ) 13.45 </response>
9954
3. Andrea Giaconi ( Italy ) 13.80
<response> 3. <person>Andrea Giaconi</person> ( <location>Italy</location> ) 13.80 </response>
9955
Women 's 100 metres :
<response> Women 's 100 metres : </response>
9956
1. Chandra Sturrup ( Bahamas ) 11.34 seconds
<response> 1. <person>Chandra Sturrup</person> ( <location>Bahamas</location> ) 11.34 seconds </response>
9957
2. Natalya Voronova ( Russia ) 11.53
<response> 2. <person>Natalya Voronova</person> ( <location>Russia</location> ) 11.53 </response>
9958
3. Gabi Rokmeier ( Germany ) 11.61
<response> 3. <person>Gabi Rokmeier</person> ( <location>Germany</location> ) 11.61 </response>
9959
Men 's javelin :
<response> Men 's javelin : </response>
9960
1. Sergey Makarov ( Russia ) 85.26 metres
<response> 1. <person>Sergey Makarov</person> ( <location>Russia</location> ) 85.26 metres </response>
9961
2. Tom Pukstys ( U.S. ) 84.20
<response> 2. <person>Tom Pukstys</person> ( <location>U.S.</location> ) 84.20 </response>
9962
3. Peter Blank ( Germany ) 81.64
<response> 3. <person>Peter Blank</person> ( <location>Germany</location> ) 81.64 </response>
9963
Men 's 100 metres :
<response> Men 's 100 metres : </response>
9964
1. Osmond Ezinwa ( Nigeria ) 10.13 seconds
<response> 1. <person>Osmond Ezinwa</person> ( <location>Nigeria</location> ) 10.13 seconds </response>
9965
2. Davidson Ezinwa ( Nigeria ) 10.18
<response> 2. <person>Davidson Ezinwa</person> ( <location>Nigeria</location> ) 10.18 </response>
9966
3. Stefano Tilli ( Italy ) 10.43
<response> 3. <person>Stefano Tilli</person> ( <location>Italy</location> ) 10.43 </response>
9967
Men 's 400 metres :
<response> Men 's 400 metres : </response>
9968
1. Davis Kamoga ( Uganda ) 45.15 seconds
<response> 1. <person>Davis Kamoga</person> ( <location>Uganda</location> ) 45.15 seconds </response>
9969
2. Marco Vaccari ( Italy ) 46.16
<response> 2. <person>Marco Vaccari</person> ( <location>Italy</location> ) 46.16 </response>
9970
3. Kennedy Ochieng ( Kenya ) 46.21
<response> 3. <person>Kennedy Ochieng</person> ( <location>Kenya</location> ) 46.21 </response>
9971
Women 's pole vault :
<response> Women 's pole vault : </response>
9972
1. Mariacarla Bresciani ( Italy ) 3.85 metres
<response> 1. <person>Mariacarla Bresciani</person> ( <location>Italy</location> ) 3.85 metres </response>
9973
2. Andrea Muller ( Germany ) 3.75
<response> 2. <person>Andrea Muller</person> ( <location>Germany</location> ) 3.75 </response>
9974
3. Nastja Rysich ( germany ) 3.75
<response> 3. <person>Nastja Rysich</person> ( <location>germany</location> ) 3.75 </response>
9975
Women 's 800 metres :
<response> Women 's 800 metres : </response>
9976
1. Ana Fidelia Quirot ( Cuba ) 1 minute 58.98 seconds
<response> 1. <person>Ana Fidelia Quirot</person> ( <location>Cuba</location> ) 1 minute 58.98 seconds </response>
9977
2. Letitia Vriesde ( Surinam ) 2:00.39
<response> 2. <person>Letitia Vriesde</person> ( <location>Surinam</location> ) 2:00.39 </response>
9978
3. Inez Turner ( Jamaica ) 2:00.91
<response> 3. <person>Inez Turner</person> ( <location>Jamaica</location> ) 2:00.91 </response>
9979
Men 's high jump :
<response> Men 's high jump : </response>
9980
1. Wolfgang Kreissig ( Germany ) 2.20 metres
<response> 1. <person>Wolfgang Kreissig</person> ( <location>Germany</location> ) 2.20 metres </response>
9981
2. Kostantin Matusevitch ( Israel ) 2.20
<response> 2. <person>Kostantin Matusevitch</person> ( <location>Israel</location> ) 2.20 </response>
9982
3. Michele Buiatti ( Italy ) 2.15
<response> 3. <person>Michele Buiatti</person> ( <location>Italy</location> ) 2.15 </response>
9983
Men 's 800 metres :
<response> Men 's 800 metres : </response>
9984
1. Robert Kibet ( Kenya ) 1:45.24
<response> 1. <person>Robert Kibet</person> ( <location>Kenya</location> ) 1:45.24 </response>
9985
2. Vincent Malakwen ( Kenya ) 1:45.62
<response> 2. <person>Vincent Malakwen</person> ( <location>Kenya</location> ) 1:45.62 </response>
9986
3. Philip Kibitok ( Kenya ) 1:46.09
<response> 3. <person>Philip Kibitok</person> ( <location>Kenya</location> ) 1:46.09 </response>
9987
Women 's javelin :
<response> Women 's javelin : </response>
9988
1. Oksana Ovchinnikova ( Russia ) 58.94 metres
<response> 1. <person>Oksana Ovchinnikova</person> ( <location>Russia</location> ) 58.94 metres </response>
9989
2. Natalya Shikolenko ( Belarus ) 57.44
<response> 2. <person>Natalya Shikolenko</person> ( <location>Belarus</location> ) 57.44 </response>
9990
3. Silke Renk ( Germany ) 56.70
<response> 3. <person>Silke Renk</person> ( <location>Germany</location> ) 56.70 </response>
9991
Women 's 400 metres hurdles :
<response> Women 's 400 metres hurdles : </response>
9992
1. Virna De Angeli ( Italy ) 55.66
<response> 1. <person>Virna De Angeli</person> ( <location>Italy</location> ) 55.66 </response>
9993
2. Natalya Torshina ( Kazakhstan ) 55.99
<response> 2. <person>Natalya Torshina</person> ( <location>Kazakhstan</location> ) 55.99 </response>
9994
3. Anna Knoroz ( Russia ) 57.02
<response> 3. <person>Anna Knoroz</person> ( <location>Russia</location> ) 57.02 </response>
9995
Men 's 400 metres hurdles :
<response> Men 's 400 metres hurdles : </response>
9996
1. Lauren Ottoz ( Italy ) 49.16
<response> 1. <person>Lauren Ottoz</person> ( <location>Italy</location> ) 49.16 </response>
9997
2. Brian Bronson ( U.S. ) 49.67
<response> 2. <person>Brian Bronson</person> ( <location>U.S.</location> ) 49.67 </response>
9998
3. John Ridgeon ( Britain ) 49.83
<response> 3. <person>John Ridgeon</person> ( <location>Britain</location> ) 49.83 </response>
9999
Men 's 3,000 metres :
<response> Men 's 3,000 metres : </response>