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Traders Magazine, February 2004

Editorial Staff

Market Structure *It's a step in the right direction. That's how John Giesea of the Security Traders Association characterizes the SEC's latest market structure reform proposal. It calls for capping access fees at one tenth of one cent and proposes uniform market access rules. "That certainly addresses the fairness issue with us," Giesea said. STA has frequently complained that market makers are assessed these fees, but they are barred from imposing them.

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