BY JACOB BUNGE
The head of Nasdaq OMX Group Inc. cast doubt on the ability of U.S. regulators to carve out some bank-trading activities as part of a broad overhaul of the financial system.
Bob Greifeld, chief executive of the trans-Atlantic exchange operator, said it appears "impossible" to separate banks' proprietary trading activities from customer and hedging positions.
Mr. Greifeld's comments on a post-earnings conference call are the loudest call to date from the exchange industry for a rethink of the proposals made to the Obama administration by former Fed chairman Paul Volcker.
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