From: Abe Lampert |
To Whom it May Concern: I believe that this proposed change is unfair and to the detriment of smaller investors. It is inexcusable in this day and age of cheap bandwidth that the ISE would blame this on system congestion. A cancellation is nothing more than an electronic blip, something that adds very little congestion, especially once an order is on the books to begin with. This clearly is just an excuse to squeeze the small investor in favor of even larger profits for the large market making firms. I urge the SEC to deny this and any similar changes by any option exchange. Abe Lampert |