Quote of the Week

• "The SEC did exactly what we were afraid they would do: that is, they made mistakes in the stock business by insisting on pennies in every stock and including the most inactive stocks [and] preferred top of the book liquidity."

  03/19/2010

  --Bill Brodsky, chairman and ceo of the Chicago Board Options Exchange, speaking at the Futures Industry Association's International Futures Industry conference on the inherent flaws in the options penny pilot.