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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (2751)	7/28/1999 8:32:00 AM
From: Chi-X	Read Replies (1) \| Respond to of 10027

Per NEWS.COM Nasdaq, the second-largest stock market in the United States, is considering setting up a system to trade shares over the Internet, according to reports. The plan is designed to tighten Nasdaq's relationship with broker-dealers and with many of the high- technology companies that list their shares on the exchange. Talks with some of the companies, including Microsoft, are believed to have started, the Financial Times reported, without citing sources. The National Association of Securities Dealers, the parent organization of Nasdaq, will discuss Internet trading at a meeting in New York tomorrow, the Financial Times said. The NASD could sell stock by year-end in a private placement to member brokerages and to Nasdaq's listed corporations, NASD chairman Frank Zarb said on July 27, adding that the industry group might then sell Nasdaq stock to the public sometime next year.