Traders Magazine, October 2000
Arthur Levitt, the Securities and Exchange Commission chairman, is taking a strong stand on internalization and payment for order flow arrangements. The SEC chief, speaking at the annual Security Traders Association Conference in Boca Raton, called for more limit order transparency. The introduction of decimal pricing, he said, made that an imperative. Without greater limit order transparency, Levitt said, "the ability to price orders of any meaningful size effectively will become increasingly difficult."
All TradersMagazine.com 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.