Hyperfeed Technologies, Inc. (HYPR) Message Board

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Technology Stocks : Hyperfeed Technologies, Inc. (HYPR)

HYPR 1.080

-3.6%

9:32 AM EST

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To: Stan Klosowicz who started this subject	8/4/2000 11:54:03 AM
From: Jerry Ciotola	Read Replies (1) of 2231

HYPR and Decimilization (EXCERPT TAKEN FROM NASD WEBSITE) Buy as much HYPR as you can at these prices: they are working on picking up big contracts for these projects-I have good sources to prove me out!!! Nasdaq spends millions on 'decimilization' The Nasdaq, the nation's largest electronic stock market, recently took up the challenge of converting all of its stock quotes displays from fractions to decimals. In the process of doing this, they have already managed to spend $100 million and they will still miss federal regulators'July 3 deadline to make the switch, a Nasdaq executive said on Friday. In the past six months, Nasdaq has been half of the $100 million doing the "decimilization" of their exchange. "We have at least until the first quarter of 2001 in our minds," George Bailar said while talking about a target date for the conversion to be complete. He could not put a figure on Nasdaq's final cost for the conversion but said it would exceed the $100 million already spent. Concerns about capacity due to explosive trading volume are the main obstacles to meeting the July 3 deadline set by the Securities and Exchange Commission. On Thursday, SEC Chairman Arthur Levitt said the commission would consider postponing the deadline, but scolded Nasdaq officials for the delay.

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