Ashton Technology (ASTN) Message Board

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Non-Tech : Ashton Technology (ASTN)

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To: mst2000 who wrote (2666)	9/22/1999 5:21:00 AM
From: Rob W	Read Replies (1) of 4443

Just waiting for the company to progress to Phase II & III. Phase I looks to have gone pretty much as spelled out in the last quarterly report. Hopefully they will stay on the timelines presented at the SH meeting. "In March 1999, the SEC approved the Philadelphia Stock Exchange's ("PHLX") proposed rule change allowing the Company to begin to implement the VTS(TM) trading system. Company personnel and PHLX staff have completed preparatory system launch sessions and joint, full-scale production testing of the VTS(TM) and PHLX systems. In the next fiscal quarter (7/1-9/30) Ashton plans to begin a controlled, live trading period of the VTS(TM) on the PHLX with a group of institutional customers involving a limited number of securities. At the conclusion of this period, the Company plans to expand the number of users and securities."

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