Arthur Levitt

It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole.

The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues.

Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors.

I am obsessed with delivering value to investors and winning the game from a personal standpoint.

Well, I actually wrote her a letter a couple of days ago congratulating her. The tone I tried to convey in the letter is, look, you are a part of a great American historical process.