41.   On other matters, Mr Tsui said the exchange needs to keep its share of the transaction levy to resist increased competition from regional exchanges.

42.   That group includes the NYSE, the Nasdaq and American Stock Exchange, and the regional exchanges in Chicago, Boston and Philadelphia.

43.   The existing Berlin and Bremen regional exchanges would merge, the company said.

44.   The existing Berlin and Bremen regional exchanges would merge.

45.   The report comes as the Nasdaq Stock Market, the American Stock Exchange and some regional exchanges are making the switch to sixteenths.

46.   Officials said the data helps dealers in markets which enter cross-listing agreements as most regional exchanges still bar foreign investors.