Memorandum regarding meeting with representatives of the New York Stock Exchange on S7-10-04

MEMORANDUM November 18, 2004
TO:	Files- Regulation NMS File No. S7-10-04
FROM:	Joseph A. Hall
RE:	Meeting with NYSE
On November 18, 2004, the Chairman and staff met with John Thain and Linda Dallas Rich of the New York Stock Exchange. During the meeting, these officers expressed their concerns about a trade-through rule that would extend protection to depth-of-book quotes.