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

To: Ryudin who wrote (2512)	9/3/1999 7:42:00 AM
From: EyeDrMike	Read Replies (1) \| Respond to of 4443

September 1, 1999 -------------------------------------------------------------------------------- Alternative Trading Systems To Appear In Quebec MONTREAL -- Alternative trading systems, or ATSs, will soon appear in Quebec, offering a new type of market alongside conventional securities exchanges and trading and reporting systems, the Quebec Securities Commission said. In a news release, the commission said it and other Canadian securities administrators have developed a draft regulatory framework that creates an integrated Canadian market in which securities buyers and sellers will have access to the best prices when executing orders. It said ATSs are electronic trading systems which automate the matching systems that bring buyers and sellers together, using predetermined methods or rules under which orders interact. ATSs are non-stock-exchange electronic trading systems that give their users access to mechanisms and services that weren't previously available to them. The commission said ATSs "offer interesting possibilities not available on the conventional markets, according to American studies on the subject. For example, they can operate an order book for a continuous auction market, a dealer market or an anonymous match based on the price determined by the principal market. ATSs make it possible to handle a larger volume of trades, offer greater transparency of information and better access to markets. American experience indicates that the efficiency gains obtained can reduce general operating costs." -Cheryl Kim; 416-306-2100