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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: mst2000 who wrote (2028)	7/9/1999 9:48:00 AM
From: Moosie	Read Replies (1) \| Respond to of 4443

biz.yahoo.com Friday July 9, 9:17 am Eastern Time Company Press Release Ashton Technology Plans Rollout of Volume Weighted Average Price System On the Philadelphia Stock Exchange PHILADELPHIA--(BUSINESS WIRE)--July 9, 1999--The Ashton Technology Group (Nasdaq Small Cap:ASTN - news) today announced plans to commence the rollout of its proprietary volume weighted average price (VWAP®) system on the Philadelphia Stock Exchange (PHLX). Ashton's VWAP®, approved by the Securities and Exchange Commission in March, is a unique pre-opening pricing and execution system for the matching of large equity blocks at the volume weighted average price. It allows institutional money managers and broker-dealers to execute the most active NYSE-listed securities at a precise volume weighted price with the assurance of complete anonymity. Within the Ashton VWAP® system, pre-opening trades will be matched and assigned Ashton's benchmark daily volume weighted average price at the end of the day, computed from all trades that occur during the day and reported to the consolidated tape. Following a morning order entry period, executions will occur at 9:20 a.m., with the final VWAP® calculated and assigned at 4:20 p.m. each trading day. The system prices each security and processes the transaction straight through to clearing and settlement, with no human intervention and no market impact. Ashton CEO Fredric Rittereiser said, ''While various pricing mechanisms based on volume weighted averaging already exist, there is no uniform, objective, industry-wide standard. Our system, with its fully automated algorithms, operating as a facility of a national exchange with the approval of the SEC, has the potential to become the standard for the volume weighted average that investors need.'' Mr. Rittereiser emphasized, as a unique benefit, ''Ashton's VWAP® is the only system that combines the means to execute anonymously at the precise benchmark price.'' In plans announced today, Ashton will begin the system's rollout in August on the PHLX with a group of institutional customers. This controlled, live trading period, involving a limited number of securities, will serve to validate the features and benefits of Ashton's proprietary electronic system. The system will be expanded in a phased approach to include larger institutions on a global basis. ''Initial reaction to the system by major market players has been so encouraging that we would expect to reach critical mass well before the end of the year. Meanwhile, we've been shipping and installing systems to customers who are already enrolled, and we'll continue our efforts to integrate additional institutions, brokers, dealers and third-party vendors,'' Mr. Rittereiser said. Ashton Technology Group is developing a family of on-line transaction systems using advanced telecommunication technologies, computing technologies, together with data and information security technologies to facilitate global financial transactions. Ashton's proprietary transaction systems are made available to end users through proprietary networks, third parties, and the Internet. The forgoing news release contains forward-looking statements based on current management expectations. A discussion of other factors which may cause actual results to differ from current expectations can be found in Ashton's reports filed with the SEC. Contact: Ashton Technology Group, Inc. Investor Contact - Christine A. Geisser Director of Corporate Relations 215/751-1900 Telefax: 215/636-3560 Website: www.ashtontechgroup.com or Siegel & Gale. Press Contact - Fraser P. Seitel 201/784-8880 Telefax: 201/784-1446

To: mst2000 who wrote (2028)	7/12/1999 1:01:00 PM
From: Sir Auric Goldfinger	Respond to of 4443

Smack that bid! Insiders want out and they know FAR more than you do: "ASHTON TECHNOLOGY:KRUEGER EUGENE FILES TO SELL 15,000 SHARES 7/1/99 19:6 FORM 144 FILED AT THE SECURITIES AND EXCHANGE COMMISSION ON 06/29/99 EUGENE KRUEGER, NO RELATION, OF 6802 MALLOW COURT, SPRINGFIELD, VA 22152, HAS FILED TO SELL 15,000 SHARES OF ASHTON TECHNOLOGY GROUP INC [ASTN] THROUGH CHESAPEAKE SECURITIES. CONTACT PHONE (215)-751-1900. The Washington Service reports Form 144 (Proposed Sale of Securities) filings released by the S.E.C. Further information on our services may be obtained by calling (202) 778-1380"