Options-Linkage Proposals Attacked In Letter To SEC
THIS WEEK'S LEAD STORIES
Two informal proposals currently before the Securities and Exchange Commission (SEC) suggesting systems for linking U.S. options exchanges fail to meet Congress's mandate that customers' orders should meet without dealer participation, according to a comment letter filed by Peake/Ryerson Consulting Group Inc. In its letter, the group also suggests its own criteria for a successful options link.
The letter reviews the history of the financial market structure, points out the current need for
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