To: Dan Duchardt who wrote (7045 ) 4/26/1999 1:59:00 PM From: Eric P Read Replies (1) | Respond to
To give the devil his due, I should point out that NASD acknowledges the 17 sec delay as unnecessary and are proposing that it be reduced to 5 sec. I agree with you that it should be done away with entirely, but I believe the NASD would view that as being too difficult a change. It's easy to reprogram the 17 to 5. It's more difficult to program a new response that will automatically change the MMs quotes after every execution, or require him to create a new one. I expect you know better than I the options the MMs now have for managing their quotes. Perhaps you have an idea how to implement the change you are suggesting in a way the NASD could not dismiss as being too complicated.
