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To: Edwin S. Fujinaka who wrote (1980)	9/30/1999 7:55:00 PM
From: mact	Respond to of 6018

the keiretsu continues to work..... NEW YORK, Sept 30 (Reuters) - The Nasdaq Stock Market, the No. 2 U.S. exchange, said Thursday it had won regulatory approval to use an electronic trading system run by OptiMark Technologies Inc. that matches blocks of orders anonymously. Nasdaq said it planned to start using the system on Oct. 11 following approval from the Securities and Exchange Commission (SEC), which it had first sought nearly a year ago. OptiMark would handle trades in 10 of the exchange's most widely traded stocks for the first two weeks before handling all of those listed on the Nasdaq-100, a basket of those with the largest market capitalization, it said. By the end of the year, the number of stocks would rise to 250, it added. Based in Jersey City, N.J., OptiMark offers large institutional investors such as mutual funds the privacy they often seek when buying or selling large amounts of stock in a single company. Such transactions usually attract the attention of other investors, often distorting the market. A Nasdaq official said the system would give its members, whether they are brokers and investors, another option in executing a trade. OptiMark is a closely held company with a number of investors such as Japanese software company and Internet investor Softbank Corp. , media giant Dow Jones & Co. Inc. , and investment bankers Goldman Sachs Group Inc. and Merrill Lynch & Co. Inc.