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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Gary Korn who wrote (5455)	11/2/1999 1:07:00 AM
From: Gary Korn	Read Replies (2) of 10027

Some research snippets: OptiMark Technologies (founded by Instinet's former chairman, William Lupien, and financed in part by Dow Jones & Co. and IBM) now does direct electronic crossing in all NYSE stocks listed on the Pacific Stock Exchange. For actively traded stocks, OptiMark matches buyers and sellers every three minutes; for others, every five minutes. They just keep queueing up the orders and executing them. . . . In July, OptiMark did raise $100 million in a private placement, 90% of it from a venture-capital fund led by Japan's SoftBank Corp. (I.e., Future IPO of a company in which NITE could end up as the largest shareholder)

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