The FRBNY unveils a pilot program to expand the list of firms with which it trades to 26 from...

|By:, SA News Editor

The FRBNY unveils a pilot program to expand the list of firms with which it trades to 26 from the current 21 so-called primary dealers. It's part of an effort to include smaller firms in the business, not to mention widen the central bank's involvement in the financial markets.