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To: TFF who wrote (1702)	12/10/1997 2:15:00 AM
From: Matthew B.	Respond to of 12617

Irby, Can a broker/dealer sell order flow on Options? Does the following statement in an application form suggest the selling of order flow? "Unless otherwise instructed, <Broker-Dealer> routes equity orders taking into consideration, amongst other factors, the quality and speed of execution as well as the credits and cash payments receivable from the New York Stock Exchange, Inc. ("NYSE") and other market centers. Equity orders are generally eligible for possible price improvement. Specialists and Dealers accomplish this by exposing the order to competition, size gaurantees, or by stopping the order temporarily at the current issue bid or offer and providing the Specialist or Dealer the opportunity to improve the price. The nature and source of any payments and/or credits received in connection with your specific transactions will be furnished upon written request." Thanks. Matthew