Subject: File No. S7-10-04
From: Erol Denizkurt

December 1, 2004

Dear SEC Rule-Comments:

In regards to this section of proposed regulation NMS;

The sub-penny quoting proposal would address the practice of “stepping-ahead” of displayed limit orders for trivial amounts, which disadvantages those investors who are willing to contribute to quoted depth by publicly displaying their trading interest.

I believe that this part of NMS is very beneficial to investors and traders. No more shall there be orders left unexecuted because a Market Maker "stepped ahead" using a sub penny (ex: $4.001)

Erol Denizkurt
4548 Andover Way F303
Naples, FL 34112
Phone: 239-417-4348
Fax: 240-331-5618