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| | Traders: Amex Critic Who Found Another Option.(Sam Lek, Lek Securities' president, does not recommend the American ... (Site not responding. Last check: 2007-11-07) |
 | | Lek, founder and president of direct access broker Lek Securities, lost a legal battle over a busted trade with the Amex in 2001 and relinquished his membership. |
 | | Lek claims that all too often Amex specialists bust trades they find unprofitable. |
 | | So, now, if Lek gets any "non-directed" orders, or those in which he picks the trading venue, for Amex securities, they go to ECNs, market makers or elsewhere. |
| www.highbeam.com /library/doc0.asp?DOCID=1G1:98244405&refid=ip_encyclopedia_hf (204 words) |
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