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Non-Tech : Ashton Technology (ASTN)

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To: Rob W who wrote (1995)	7/5/1999 7:08:00 AM
From: mst2000	Read Replies (1) of 4443

And following up on Rob's point, which is correct, ATG hopes to offer 6 or 7 additional iterations of VWAP once the system goes on-line - which will include the ability to make "timed" VWAP trades anonymously throughout the day (e.g., 12:00 noon - 2:00 p.m. VWAP, market-to-close VWAP, which deals with the period between 3:40 and 4:00 and is of particular significance to mutual funds, who value their securities as of 3:40 if my understanding is correct). These additional iterations will only add to the volume, and the flexibility made available to institutional traders and B/D's using the system. MST

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