On the recordOctober 24, 2001
I would like to thank you, Mr. Chairman, for holding this important hearing, and I would like to thank Secretary O'Neill and Chairman Hubbard for testifying today.
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congress.govI would like to thank you, Mr. Chairman, for holding this important hearing, and I would like to thank Secretary O'Neill and Chairman Hubbard for testifying today.
Bunning expresses gratitude for the hearing and testimonies.
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I am glad to see the SEC followed through on its commitment to us last fall to start a broad examination of market structure issues.
But I am sorry, sir. Sophisticated--even if they are not sophisticated, anybody that puts a market order in knows exactly what is going to happen to a market order.
If I am in Schenectady, New York, and I am dealing with a broker-dealer in Schenectady, any broker--I am not going to give anybody a plug here--how do I compete with the electronic traders that have nanosecond access?