Brady Panel Recommendations Leave Room For Interpretation


The 69-page report delivered last week by the presidential commission appointed to study the stock market crash proves what many people have been saying all along -- that the stock, options, and futures markets are really one market.

Running throughout the Brady report is the underlying theme that difficulty in gaining access to markets -- whether because of trading halts, systems overloads, or unanswered telephones -- fueled the market's free fall on October 19th.

The report suggests that the

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