You're misreading because the sentence is unclear possibly because the author doesn't know much about market structure.
The NYSE program was to provide improved pricing to retail investors through retail brokers. The people who provide the pricing to the retail brokers were market makers like Knight, Jump etc. You didn't have a brokerage account with Knight, your broker would trade in the market and Knight would take the other side.
The NYSE program was to provide improved pricing to retail investors through retail brokers. The people who provide the pricing to the retail brokers were market makers like Knight, Jump etc. You didn't have a brokerage account with Knight, your broker would trade in the market and Knight would take the other side.