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To: Testy_Coles who wrote (3250)	8/8/1999 1:55:00 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 10027

Testy --- The premise on which ECNs were built, I think, is that they would match buyers and sellers anonymously. I'm trying to understand too. :) Its as if the exchanges (Nasdaq, NYSE, NITE - a mini exchange) and the ECNs are trying to converge on the same thing from opposite directions. From what I understand (and it may not be much), the ECNs have an uphill battle. If they make it to the top, they'll still need NITE. ECN problems? Look at: messages.yahoo.com Joseph :)