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. Last Updated: 07/27/2016

New Trading Setup

NEW YORK -- Goldman Sachs Group Inc. and Merrill Lynch & Co., two of Wall Street's premier firms, said that with brokerage firm Bernard L. Madoff Investment Securities, they would form Primex Trading NA, an alternative stock trading system.

The system would offer electronic access to investors interested in trading stocks listed on the New York Stock Exchange, the American Stock Exchange and the Nasdaq over-the-counter market. Primex is expected to begin operations a year from now, at about the same time stocks begin being priced in decimals rather than fractions.