Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.
More Quotes from Arthur Levitt:
Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.Arthur Levitt
We have an opportunity now that I don't think we'll have again in our lifetime to come closer to the vision of a national market system that, in my judgment, has been too long delayed.
Arthur Levitt
If you compensate a CEO by giving him options, he's going to do everything he can to make those options as valuable as possible.
Arthur Levitt
I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.
Arthur Levitt
While private equity will remain technically private, its actions will become the public's concern.
Arthur Levitt
Decimal trading will benefit investors by allowing greater competition and making it easier to compare prices, ... It will also bring about consistency with foreign markets, which now trade in decimals. We look forward to working with the industry to ensure that the transition to decimals goes smoothly.
Arthur Levitt
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Based on Topics: Computers & Technology Quotes, Facts QuotesBased on Keywords: cancel, canceled, cancellation, misconception
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