Mr. Roland M. Trafton, chairman of Safeco Corp. commented on the competition among securities markets (Letters September). Mr. Trafton's favorable comments about NASDAQ are entirely understandable given that he is a member of the NASD Board of Governors and the NASD Corporate Advisory Board. It is unfortunate that your readers were given no indication of his affiliation with the NASD, which, I think, would have helped to put his remarks in proper perspective.