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Prof. Richard Sylla on the planned merger of Bats Global Markets and Direct Edge Holdings

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Excerpt from Bloomberg TV -- "I think the SEC should look at this and say, well, you know, there were two smaller rivals to NASDAQ and NYSE, they're getting together now. They're going to be right in between NASDAQ and the NYSE in terms of trading, so in some sense the competitive environment might be getting stronger, not weaker, by this merger."

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