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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: LPS5 who wrote (8597)1/10/2001 6:32:14 PM
From: LPS5   of 12617
 
BLOOMBERG TRADEBOOK STATEMENT ON SUPERMONTAGE VOTE

Statement From Kevin Foley, Chief Executive Officer For Bloomberg Tradebook On
SEC Vote - SuperMontage - January 10, 2001

Bloomberg Tradebook is pleased with the outcome of the Securities and
Exchange Commission's vote regarding the SuperMontage proposal. In its final
form SuperMontage reflects a commitment to approve a market place that is marked
by choice, competition, and is open to all market participants. Bloomberg
Tradebook's support from the beginning was based on our view that systems must
provide an environment where all types of market participants can compete fairly
and commensurate with their market obligations the benefits they ultimately can
provide to their customers.

Since the original proposal in October of 1999, Bloomberg Tradebook called
for and supported a detailed issues- based examination of SuperMontage, and
urged all market participants to do the same.

We commend Senate Banking Committee Chairman Phil Gramm, and outgoing SEC
Chairman Arthur Levitt for creating an environment that encouraged and brought
about dramatic improvement in SuperMontage. We also commend the staff of the
Division of Market Regulation for their patient and thorough engagement on the
details of this proposal. NASDAQ is also to be commended for its willingness to
explore and craft significant changes to its proposal. Thanks to our fellow
market participants and ECNs whose input was essential in creating a proposal
that is now good for investors and all market participants.

We support the outcome of the Commission's vote wholeheartedly.
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