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Technology Stocks : Dell Technologies Inc.

DELL 133.78

-0.1%

Nov 14 9:30 AM EST

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To: Geoff Nunn who wrote (81893)	11/23/1998 11:32:00 AM
From: Geoff Nunn	Read Replies (1) of 176387

options cartel To Chuz, nihil, Bachman and all: The WSJ has an informative piece today on the lack of competition among the existing options exchanges. There is a gentlemen's agreement among the exchanges that each can list certain options on blue chip stocks without competition, according to the article. The article goes into the history of this arrangement, and the failure of SEC to police it. The piece also mentions that a competing new all-electronic options trading system is in the works, and is expected to go into service in Jan. 2000. The article can be found on p. B13D.

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