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Non-Tech : Ashton Technology (ASTN)

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To: Nanchate who wrote (3055)12/16/1999 10:12:00 PM
From: Moosie  Read Replies (2) of 4443
 
Greetings Nanchate,

Interesting reading tonight eh, Do you know if the second phase rollout has commenced?

~~snip~~
Management anticipates the second phase of the eVWAP(TM) trading system rollout to commence by the end of November 1999 with the addition of participants and eligible securities. This next phase of the rollout is expected to integrate up to eight national clearing firms, which is expected to allow over 20 institutions and broker-dealers to participate in the system. This phase is intended to solidify the electronic integration of geographically diverse customers through their clearing agents, which is a prerequisite of the PHLX for an effective electronic straight through processing system. The third stage of the rollout is expected to provide the connectivity to the larger institutions and brokers-dealers, who aggregate orders from multiple locations, and will demonstrate eVWAP(TM) volume growth and liquidity.
~~snip~~

thanks
Moosie
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