"price improvement" ha! http://www.marketwatch.com/news/yho...1DC-AA37755DF25B}&siteid=myyahoo&dist=myyahoo
To say that there is nothing fundamentally wrong with the Specialist system, is an outrage. Has he ever traded before ? Has he ever seen these advantaged-traders in action ? I lost all respect for him today, especially on the heels of the news on the Specialist fines levied today, for pennying. As I expected, he's afraid to turn on the "union".