August 8, 2002

Ms. Katuria Smith
General Counsel
Market XT
135 W. 57th Street
New York, N.Y. 10022
Via Fax and US Mail

Re: Market XT's ECN no-action letter

Dear Ms. Smith:

The Division of Market Regulation hereby withdraws its no-action letter to you dated January 4, 2000 (as extended by letter dated March 29, 2002), concerning Market XT's status as an ECN.

Should you have any questions, please contact John Polise at (202) 942-0068.

Sincerely,

Alden Adkins
Associate Director

Cc: John Malitiz, Esq.

http://www.sec.gov/divisions/marketreg/mr-noaction/market080802.htm