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Non-Tech : Ashton Technology (ASTN)

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To: mst2000 who wrote (645)	5/4/1999 9:58:00 PM
From: Zeev Hed	Read Replies (2) of 4443

mst, it might make sense to attempt to build a model of the rate of growth of the system to see how fast it will be self supporting. In the business I am in (new product development) one of our many dictums (sp?) is: "make it twice as good at half the price, if you want rapid market acceptance". I know that I can buy 1000 shares on many of the electronic trading systems for let say $10 (i.e. Datek, but others will charge the same price for up to 5000 shares) or a penny a share. I do not know what institutions are paying right now, but they must be paying less than you and I, thus I still fear that the $.015 on each side of the transaction might be rich. I am also trying to find out how fast it will take to get the thousands of insitutions subscribing to the system. I would say that one could put forward an assumption that 5% of all the transactions in the 300 issues contemplated, (and lets assume that 50% of the total 800 MM shares traded daily is in those issues), or 20 MM shares would be a "saturation" level for the system, and one could then assume a time period (and I would venture a year) before such saturation is reached. Zeev

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