I couldn't find Jack White's web site separate from Pawws. I did find
the following:
INTERCONNECT
SPLIT THE SPREAD
with our new electronic crossing system
On September 3, 1996, we launched an internal electronic trading system called InterConnectsm. The new
system allows individual and institutional investors in the United States the opportunity to split the spread
between the bid and ask price of 30 NASDAQ stocks. Essentially, it's better than zero commission.
InterConnect's commission rates are 5 cents per share up to 2,000 shares, subject to a $33 minimum, or 3
cents per share for orders in excess of 2,000 shares.
The selected stocks, listed below, will be the most actively traded in the NASDAQ Market for the first six
months of 1996, as provided by NASDAQ Trading & Marketing Services. The benefits of InterConnect to
investors are apparent, particularly for stocks having a spread of a quarter point or more. By splitting this
quarter-point spread, you could realize savings of 12 1/2 cents per share or greater.
Here is how InterConnect works: The system matches your order with another investor's order, and the
buyer and seller each receive 1/2 the market maker's spread. Orders placed by investors, via the Internet or
by telephone, are entered on a blind basis into a proprietary central computer in our office. The computer
then matches buys and sells.
Opportunities for cross-trading would occur at regular intervals during the day, when the market opens at
6:30 a.m. (Pacific Standard Time), every hour on the hour after that at 7 a.m. (PST), 8 a.m. (PST), 9 a.m.
(PST), 10 a.m. (PST), 11 a.m. (PST) and 12 noon (PST). The last cross trade will take place when the
market closes at 1 p.m. (PST).
Any orders not crossed or remains or partial executions may be cancelled immediately, entered into the
dealer market or kept open for the next crossing session or all subsequent crossing sessions until it is filled.
We will follow your instructions as to how you would like to deal with any unfilled or partially executed
order.
To place an electronic trade through InterConnect, please call toll free 1-800-753-1700, Monday through
Friday, from 5:30 a.m. (PST) to 4 p.m. (PST).
You can place trades through InterConnect for the following 30 NASDAQ stocks:
The InterConnect 30
Symbol
Security Name
INTC
Intel Corporation
CSCO
Cisco Systems Inc
IOMG
Iomega Corporation
SUNW
Sun Microsystems Inc
ORCL
Oracle Systems Corporation
AMAT
Applied Materials Inc
MSFT
Microsoft Corporation
NOVL
Novell Inc
ERICY
LM Ericsson Telephone
COMS
3Com Corporation
MCIC
MCI Communications
IFMX
Informix Corp
TCOMA
Tele-Communications Inc
DELL
Dell Computer Corporation
WCOM
WorldCom Inc.
DIGI
DSC Communications Corporation
ATML
Atmel Corporation
ALTR
Altera Corporation
AMGN
Amgen Inc
IMAT
Imatron Inc
AAPL
Apple Computer Inc
ASND
Ascend Communications
IMPX
IMP Inc
ADBE
Adobe Systems Incorporated
VJET
ValuJet Inc
XLNX
Xilinx Inc
GNCI
General Nutrition Company
IDTI
Integrated Device Technology
SIII
S3 Inc
CRUS
Cirrus Logic Inc
Ed, do you know what the URL is for Jack White's web site?
Sergio |
