SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Ashton Technology (ASTN)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jsavage who wrote (2354)8/18/1999 1:43:00 PM
From: Keith A Walker  Read Replies (3) of 4443
 
Wednesday August 18, 12:33 pm Eastern Time

Company Press Release

Ashton Technology Group, Inc. and SunGard Institutional Brokerage
Inc. Form Strategic Alliance to Market Volume Weighted Average Price
System

PHILADELPHIA--(BUSINESS WIRE)--Aug. 18, 1999--The Ashton Technology Group, Inc. (NASDAQ SmallCap:ASTN - news) today announced it has entered into a strategic alliance with SunGard Institutional Brokerage Inc. to market Ashton's volume weighted average price (VWAP®) system.

VWAP® is a pre-opening pricing and execution system for matching large equity blocks at a precise volume weighted price.

Ashton's VWAP® was approved for use on the Philadelphia Stock Exchange by the Securities and Exchange Commission in March and is scheduled for a first phase modified roll out in the next few weeks.
------------------------------------------------------------------

Don't want to be too negative, but, this last sentence bothers me.

Anyone have any comments?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext