Subject: File No. S7-10-04
From: Eric Strom

January 7, 2005

Dear SEC,

I am writing in regards to the proposed regulation NMS.

I trade approximately 20 million shares a year for a professional trading firm.

I am against the NMS regulation for a one simple reason. I think it will hurt the participants in the US stock exchanges. Currently the market structure allows traders to bypass best price to get time sensitive orders executed quickly and that ability is very important.

thank you for your time,


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