Free Site Registration

SEC Chairman Goes to Bat for Market Makers

Traders Magazine, October 1999

William Hoffman

Securities and Exchange Commission Chairman Arthur Levitt, a target for traders angry with his agency's overhaul of the equity markets, came out swinging for market makers at Columbia University Law School in New York.

In one of the most far-reaching speeches in his SEC career, Levitt acknowledged the unfairness of the access fees charged by electronic communications networks to market makers. These are the same fees, of course, unleashed by the order handling rules introduced by his agency.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?