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SEC Eyes Fees, Fragmentation, ECNs

Traders Magazine, June 2003

Gregory Bresiger

The Securities and Exchange Commission is still working on a series of concept releases on access fees, market fragmentation, the revamped Nasdaq market and payment for order flow in options trading. The much anticipated reports are expected later this year. "They're years behind in working on this and now the staff has been told to make this a priority," said one trading industry official, who said he knew that officials of the Division of Market Regulation are still working on the package of proposed reforms.

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