I'm going to look into that further, but I believe he said the brokerage houses will pull the trigger for you, sending a market or limit order to the exchange. I don't think we'll notice a difference. He pointed out that the exchange (e.g. NYSE) would no longer be responsible for them, so any errors or losses and any ensuing legal actions to attempt to right any wrongs would not be the problem of the exchange. I think the SEC would prefer to let the mob run the exchanges anyhow. Maybe they already do! LOL