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Non-Tech : Traditional brokers/SEC conspiracy -- Ignore unavailable to you. Want to Upgrade?

To: nick nelson who wrote (44)	10/11/1999 1:47:00 AM
From: nick nelson	Read Replies (1) \| Respond to of 104

A MUST read... Adobe download. nasdaqnews.com Be cognizant of the new pejorative buzz word "cyber-parochialism" - it means that the Nasdaq is losing market share and that their market-makers are scared "shitless!" Testimony of Frank G. Zarb Chairman and CEO National Association of Securities Dealers, Inc. before the Senate Committee on Banking, Housing and Urban Affairs on Public Ownership of the U.S. Stock Markets September 28, 1999 <<GOALS: 1. The best information; 2. The best trade execution; 3. At the best rate of speed; 4. At the best cost; 5. With the best market integrity. The Nasdaq Stock Market The Nasdaq Stock Market is the largest electronic, screen-based market in the world, currently capable of handling trading of up to four billion shares a day and can be scaled up, if necessary, to accommodate an eight billion share day.>> Why did the Nasdaq computer system cut off Datek, Brut, and Instinet last week? Why did Nasdaq Level II reporting fail to keep-up on Friday?... these were only about ~1 billion share volume days. How can Mr. Zarb be believed - is he also obfuscating the Senate Banking Committee? Obviously, there is a major discrepancy between his statements before the US Senate Banking Committee and the Nasdaq's markets ability to perform. How can the Nasdaq "self-regulate" when they can NOT even function adequately on a normal volume basis? These are serious questions which the Senate Banking Committee chooses to IGNORE!! The Nasdaq wants business as usual out of "all new regulations" - the ability for their market-makers and institutional trading-desks to continue to operate arbitrarily, capriciously, and with unfettered bias to EXPLOIT individual retail investors.