[ Paste of Chat ]
hey want"
Yahoo_guest says, "with their customers."
Yahoo_guest says, "That's not a NASDAQ issue, that's between the customer and the dealer."
Lmogull presents the speaker with question #127 from Pablo12345:
NASDAQ has been criticized for having wide spreads. How do you respond?
Yahoo_guest says, "Spreads vary directly with liquidity."
Amyguest_36a036061 leaves.
Yahoo_guest says, "NASDAQ spreads are the narrowest in the world AN"
Mikereynold enters.
Yahoo_guest says, "among our large stocks."
Yahoo_guest says, "They are wider among less liquid stocks."
Muthavugah disagrees.
Lmogull presents the speaker with question #140 from Amyguest_36a036061:
Is NASDAQ thinking about listing their quotes in decimals soon?
Yahoo_guest says, "Yes. The technology to produce decimals is almost ready."
Yahoo_guest says, "It will be introduced after teh Y2K problems of the country are"
Yahoo_guest says, "remediated."
Yahoo_guest presents the speaker with question #1 from Muthavugah:
How do you induce INTC, MSFT to stay on the Naz?
Yahoo_guest says, "INTC and MSFT seem to appreciate the extraordinary liquidity"
Yahoo_guest says, "and the very tight spreads, and the fact that the NASDAQ stays"
Yahoo_guest says, "open when other markets seem to close for order imbalances."
You ask, "Thank You Sir. That's a Question Fidelity could not answer for me. The 1.00 Bid Rule. I Bow and Smile."
Your question has been given id #190
Lmogull presents the speaker with question #5 from Soccerplayer14m:
How long have you been the President?
Yahoo_guest says, "About 20 months."
Lmogull presents the speaker with question #181 from Bucktt:
Why not do away with delayed quotes and have live quotes all the time, looking at delayed quotes is kinda like watching a game late?
Yahoo_guest says, "The reason is that we sell live quotes."
Yahoo_guest says, "We pay for the operation of markets through the sale of"
You ask, "Frankly it has scared my SOX off."
Your question has been given id #199
Yahoo_guest says, "real-time quotes."
Lmogull presents the speaker with question #18 from Soccerplayer14m:
What does the President of Nasdaq actually do?
Pa34flyr says, "Nasdaq has started to go sideways the past few sessions, are we ready for a down turn?"
Yahoo_guest says, "Talk to investors on the Internet :) ""
Yahoo_guest says, "We are a very large data services company."
Yahoo_guest says, "We have over 6600 data terminals."
Yahoo_guest says, "We run 300 miles of telephone lines for our data network."
Yahoo_guest says, "We have 550,000 terminals carrying our information over the world."
Snrubt leaves.
Snrubt enters.
Lmogull presents the speaker with question #108 from Snrubt:
How exactally are buyers matched to sellers in NASDAQ as opposed to the open outcry of other exchanges?
Yahoo_guest says, "Buyers are matched to sellers by computers screens that show the best price"
Yahoo_guest says, "available, and our automatic execution system which allow"
Yahoo_guest says, "people to trade with those prices."
Snrubt leaves.
Yahoo_guest says, "We effectively run a large electronic auction, as opposed to"
Yahoo_guest says, "a manual auction."
Brocas_b enters.
Lmogull presents the speaker with question #183 from Baby_boomer_bull:
Is there a difference between NYSE and NASDAQ on hoe share volume is calculated?
Yahoo_guest says, "No. All american markets are required to report trades exactly"
Yahoo_guest says, "the same way by federal regulation."
Yahoo_guest says, "We do however a different mix of business."
Yahoo_guest says, "We have more purchases from investors by dealers than the NYSE does."
You ask, "Now that the Bid rule has been covered. How do I find the info for the ## Number of MMs ?????"
Your question has been given id #232
Lmogull presents the speaker with question #81 from WEMITS:
What would be the effect of war in Iraq on the markets?
Yahoo_guest says, "I don't know. I think it's pretty well discounted, unless"
XiPguest_3fa035499 admonishes him or herself earnestly.
Yahoo_guest says, "something went wrong."
Lmogull presents the speaker with question #231 from JRguest_54b936640:
What do you think of circuit breakers
Yahoo_guest says, "I don't like circuit breakers."
Yahoo_guest says, "NASDAQ does not need them,"
Yahoo_guest says, "but as a matter of public policy,"
Yahoo_guest says, "we will close the NASDAQ if the NYSE is forced to close."
Yahoo_guest says, "We believe a market that is not open"
Yahoo_guest says, "is not actually a market."
Yahoo_guest says, "Investors need to have the market open."
Yahoo_guest says, "The choice to buy or sell should be the investors,"
Yahoo_guest says, "not the markets."
Lmogull presents the speaker with question #229 from Bucktt:
How much increased volatility has the NAS seen since SOES trading was allowed?
Yahoo_guest says, "our economists tell me that there is actually no"
Yahoo_guest says, "increased volatility. However,"
Yahoo_guest says, "the conventional wisdom is that SOES trading increases"
Yahoo_guest says, "volatility."
Lmogull presents the speaker with question #249 from Willr_66:
How will the Optimark deal shape trading on Nasdaq
Yahoo_guest says, "Optimark will be another choice for investors as to how they get"
Yahoo_guest says, "their trades executed."
Yahoo_guest says, "It should be of particular interest for people who use complex"
Yahoo_guest says, "trading strategies such as"
Yahoo_guest says, "mutual funds and pension funds."
Lmogull presents the speaker with question #225 from Chris710:
When is the date that the new listing requirements go into effect..I have seen the 23rd and the 28th of this month.
Yahoo_guest says, "Feb. 23."
Technofiend says, "Are any changes coming in how SOES orders are places or executed? I'd like to SOES trade myself."
Lmogull presents the speaker with question #228 from Nanette2:
can you explain a little about how market making works?
Mikereynold leaves.
Realnamenoway enters.
Yahoo_guest says, "MM's can act in two ways."
Yahoo_guest says, "They can act as an agent for their customer,"
Yahoo_guest says, "or as a principle, buying and selling for their own account."
Yahoo_guest says, "They have a responsibility to quote a bid and an ask at all times"
Yahoo_guest says, "and to buy or sell at the price they bid or ask at all times."
Yahoo_guest says, "If they don't honor their quote, they can be fined or removed from"
Yahoo_guest says, "the market."
Yahoo_guest says, "The system has given America the greatest capital"
Yahoo_guest says, "formation engine in the world."
Technofiend says, "Is the quote for just a price, or a price and a block size?"
Lmogull presents the speaker with question #53 from XiPguest_3fa035499:
Is NASDAQ totally dependent on NT servers now? Or do your servers still utilize a legacy OS?
Yahoo_guest says, "NASDAQ web sites are based on NT servers and Intel architecture. Q"
Yahoo_guest says, "NASDAQ market system is based on Tandems and Unysis equipment"
Yahoo_guest says, "and Cisco routers."
You ask, "MMs. How and where do I find out if the Stock I like has the Minimum"
Your question has been given id #282
Realnamenoway leaves.
Davst1 leaves.
Barky4 enters.
Lmogull presents the speaker with question #245 from ForbesB23:
How will Nasdaq position itself to compete in the 21st Century? Will the Nasdaq ever be open 24 hours a day?
Yahoo_guest says, "We talk about that a lot."
Yahoo_guest says, "And we probably will be open 24 hours a day at some point."
Yahoo_guest says, "We are already open from about 3:30am to 8:30pm EST."
CuteCAdude enters.
Lmogull presents the speaker with question #266 from Chief_guide:
Please address the possibility of those 3,000 companies which might be de-listed ?
Yahoo_guest says, "This is a different market from the NASDAQ."
Yahoo_guest says, "We operate the over the counter bulletin board"
You ask, "MMs. How and where do I find out if the Stock I like has the Minimum"
Your question has been given id #294
Technofiend says, "With regards to the 3:30am to 8:30pm EST trading day. What brokerages will book trades during that entire time? I can't seem to trade outside 'normal' hours with Schwab."
Yahoo_guest says, "and a new rule requires all bulletin boards to report to the SEC (proposed)"
Yahoo_guest says, "That affect about 3000 companies who do not currently report"
Yahoo_guest says, "their financials to the SEC."
Yahoo_guest says, "Those companies might continue to trade in what's called"
You ask, "MMs to Qualify for the NASDAQ ??"
Your question has been given id #300
Yahoo_guest says, "the "pink sheets.""
Lmogull presents the speaker with question #24 from Muthavugah:
With the internet, will there ever be a day where market makers will be obsolete?
Yahoo_guest says, "We certainly hope not."
CuteCAdude leaves.
Yahoo_guest says, "MM's provide valuable liquidity for"
Yahoo_guest says, "investors who want to buy or sell immediately."
LaVerne_Shirley enters.
Yahoo_guest says, "On Oct 27 and 28th, MM's"
Samuelrr leaves.
Ranger8998 enters.
Yahoo_guest says, "spent about $400 million more to absorb investors' trades."
Yahoo_guest says, "They contributed about $400 million in liquidity to the market."
Lmogull presents the speaker with question #274 from Jeffcannon:
Are you making any moves toward preventing market maker bid/ask spread abuse?
Yahoo_guest says, "No one MM is on both sides of an inside maket."
Yahoo_guest says, "Spreads have decreased by about 30% in 1997"
Yahoo_guest says, "based on increased competition from electronic systems."
You ask, "I like MMs. How do I know if my stock Qualifies with the Min"
Your question has been given id #313
Lmogull presents the speaker with question #306 from Snwbrdr18:
Could I inquire about your educational background?
Yahoo_guest says, "Well, I went to the Univ. of Virgina and the Wharton School of Finance."
You ask, "Min"
Your question has been given id #318
Yahoo_guest says, "and I spent 4 years in US Air Force as an ROTC officer."
You ask, "Min number of MMs ??"
Your question has been given id #321
Lmogull presents the speaker with question #204 from _NeonHaze_:
How much is NASDAQ actually worth...in it's totallity?
XiPguest_3fa035499 says, "ooooh the air force!"
Yahoo_guest says, "About $2 trillion in market capitalization."
Jjacoby10 leaves.
Lmogull presents the speaker with question #279 from WEMITS:
Once a quote has been posted, how long does the MM have to honor it before it can be changed?
Falconguest_23a037609 enters.
You ask, "Thank You Sir!"
Your question has been given id #327
Yahoo_guest says, "An order has to be dealt with immediately."
You bow gracefully.
You bow gracefully.
Yahoo_guest says, "He can change his quote immediatly."
You ask, "Nagano you know."
Your question has been given id #333
Yahoo_guest says, "But if the customer meets the quote, they must buy or sell."
Lmogull presents the speaker with question #311 from Sum3:
Any discussions to make real time quotes free on Internet? And, why do you currently require registration for real time quotes?
Yahoo_guest says, "We sell real-tim quotes to pay for the operation of the market"
Yahoo_guest says, "and do not intend to make them free on the internet."
Yahoo_guest says, "we do have delayed quotes for free, and we have over"
Yahoo_guest says, "8 million hits/day."
Lmogull presents the speaker with question #292 from Skylersp:
Do other countries worldwide often consult NASDAQ as to implement similar systems locally?
Yahoo_guest says, "Yes. We have a very large number of international visitors"
Yahoo_guest says, "who would like to recreate the NASDAQ in their own country."
Falconguest_23a037609 leaves.
Kimguest_3ca037742 enters.
Yahoo_guest says, "We brought up the Hungarian markets last year with great success."
Lmogull presents the speaker with question #291 from Tarod_1234:
How has the NASDAQ prepared itself for the Y2000 problem? |
