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To: LTK007 who wrote (287)	4/22/1999 10:23:00 PM
From: EyeDrMike	Read Replies (2) of 4443

<< Which is perfectly logical,PHLX will be the single HUB for institutions utilizing VWAP,I see no need for multiple HUBS.>> Exactly, its not the exchange, its the trading system, and they've already signed up 50 clients as of the last interview of the CEO. Mike

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