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

To: Moosie who wrote (2409)	8/24/1999 7:40:00 AM
From: Rob W	Respond to of 4443

Morning Moosie. Back home north of the boarder are you? This appears to be an exciting time to be following this stock. Here is another mention. Ashton Technology system nears fruition By Joseph N. DiStefano INQUIRER STAFF WRITER After years of almosts, Ashton Technology Group Inc. says it is days away from putting its Volume-Weighted Average Pricing system to work helping big institutions trade small stocks on the floor of the Philadelphia Stock Exchange. Joked one longtime Ashton investor in an e-mail to this column, "The Ashton shareholders' meeting is Sept. 1, so I am betting the launch will occur before then, unless the CEO has recently taken out a life insurance policy." Meanwhile, Ashton (best-known, so far, for its Gomez.com Web bank and broker ratings) is planning beyond the PhilEx launch - to the creation of its own online stock exchange. The Center City company recently landed a $20 million investment by Rose Glen Capital Management L.P. of Bala Cynwyd, Ashton's chief financial officer, Arthur Bacci, said. Bacci says Rose Glen's cash will pay for development of the firm's online trading system - dubbed NextExchange - and its "transactional Web site," eMC, which will provide brokerage services for midsize financial institutions.