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Exchanges' Market Reform Proposals Only Touch Margins

By Stephanie Russell-Kraft (January 9, 2015, 5:39 PM EST) -- While prominent U.S. stock exchanges including BATS Global Markets Inc. and the New York Stock Exchange have dialed up their calls for equity market structure reform, experts say the proposals they tout are would largely maintain a status quo that some believe favors large banks, high-frequency traders and the exchanges themselves....

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