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Non-Tech : Ashton Technology (ASTN)
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To: TENNET who wrote (3517)4/26/2000 2:58:00 PM
From: Candle stick  Read Replies (1) of 4443
 
eVWAP? Trading System is on the PHLX homepage....

Make sure you follow the link below to see this.

phlx.com

eVWAP? Trading System

Long at the forefront of automated systems, the PHLX is pleased to announce
the introduction of yet another product that will enable institutions to trade
anonymously at the theoretically fairest price.

The PHLX, in conjunction with Universal Trading Technologies Corp., unveiled an entirely new trading system based
on volume weighted average price. Known as the eVWAP? Trading System, this unparalleled pricing and
transaction facility allows institutional clients, such as mutual and pension funds, to receive a guaranteed,
theoretically fairest price on their stock transactions. Volume weighted average price is recognized by the U.S. Bureau
of Labor as the fairest execution price, and is used by a variety of rating agencies to evaluate the performance of
institutional brokers.

The eVWAP? system allows users to enter orders from any location prior to the market opening. Eligible orders are
matched and participating parties receive their trade confirmation prior to the opening. The final eVWAP? at which
the trades are confirmed is disseminated after the close of the trading day. With anonymous encrypted data
transmission, and the reliability and security of trading on the nation's oldest securities exchange, eVWAP? is
establishing a new standard for institutional equity transactions.
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