As I have consistently stated, payment for order flow is not in the best interest of investors and violates the spirit and intent of best execution requirements. Now, more than ever, we need to ensure that we are taking every possible step to restore investor confidence in the marketplace. Ending the practices of payment for order flow and internalization will be a big positive step in that direction."
FTSE Mondo Visione Exchanges Index:
AMEX Chairman & Ceo Salvatore Sodano's Response To SEC's Comments On Payment For Order Flow
Date 28/01/2003