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Non-Tech : Ashton Technology (ASTN)
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To: mst2000 who wrote (2127)7/21/1999 11:28:00 AM
From: EyeDrMike  Read Replies (1) of 4443
 
Its interesting that some say there is absolutely no market demand for an ASTN system.

ITG currently has a confidential institutional equity matching system called POSIT, that is doing an average 26 million shares a day, recently had a record day of 60 million shares in volume and matched over 5.8 billion shares in 1998.

POSIT is currently used by more than 500 major institutions and broker/dealers.

Seems to me there is plenty of institutional demand for anonymous equity trading systems, and no one is more anonymous then ASTN's system, where only the institutional trader actually placing the order is aware of its existence.

If ASTN system works, there's no reason they can't surpass ITG's numbers.
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