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Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion

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To: esecurities(tm) who wrote ()6/29/1999 1:54:00 PM
From: esecurities(tm)  Read Replies (1) of 314
 
"Alternative Trading Systems to Rock Foundation of Securities Trading According to Latest Yankee Group Research"

BOSTON, June 29 "...According to an upcoming report by the Yankee Group the securities marketplace will be permanently impacted over the next five years by Alternative Trading Systems (ATS)s. As the SEC prepares to meet this Wednesday to discuss after hours trading, the Yankee Group also expects to see at least one after hours trading session before the end of the year.

According to Jim Laird, a senior analyst for the Yankee Group's Internet market Strategies planning service, the increase in Internet-based order entry is driving the current success of many ATSs and the move towards after-hours trading.

''The proliferation of ATSs will have a dramatic effect on securities trading -- the ATS genie will not go back in the bottle now,'' said Laird..."


SOURCE: Tuesday June 29, 1:13 pm Eastern Time Yankee Group Company Press Release
biz.yahoo.com
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