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To: Gary Korn who wrote (5272)10/22/1999 11:46:00 PM
From: blankmind  Respond to of 10027
 
DJ TRADING PLACES: Dow Jones Series On After-Hours Trading
Dow Jones Newswires -- October 22, 1999

Once there was a time when the closing bell on the New York Stock Exchange floor meant stock trading was over for the day.

Not anymore.

A growing number of electronic communications networks offer investors the chance to buy and sell stocks after the traditional market close. The Chicago Stock Exchange is set to become the first exchange to allow after-hours trading, beginning Oct. 29. A host of traditional and online brokerages are planning to offer - or already have - access to late trading for their customers.

In a series of articles, originally published Thursday and repeated Friday, Dow Jones Newswires reporters examine this phenomenal shift and try to demystify the after-hours trading world:

The phrase "after-hours trading" is quickly becoming an integral part of Wall Street's vocabulary. But one of the most frequently asked question on Main Street is still "How do I do it"? Reporter Lynn Cowan explores what extended trading means for the individual investor, Wall Street and others.

Options junkies may have to cool their heels for a bit if they want to trade after hours. Reporter Steven Sears looks at what the options exchanges are planning down the road.

For a company that wants to change the face of the financial world, Island ECN Inc. isn't much to look at. Reporter Gaston Ceron sees firsthand how this unassuming market innovator works.

The number of electronic stock trading systems continues to grow. Reporter Gaston Ceron takes a look at who they are.




To: Gary Korn who wrote (5272)10/23/1999 10:52:00 AM
From: Gary Korn  Read Replies (2) | Respond to of 10027
 
On 10/22, NITE pulled in a 15.9% NASD/OTC market share. The next highest MM was MASH (Schwab), with a 8.3% share.

NITE processed 206,887,000 shares on 10/22, above its moving average for October.

Month to date through 10/22, NITE has processed 2,814,192,000 shares, which is 175,887,000/day, which translates to 3,693,627,000 for the month. In September, NITE handled 3,598,776,000 shares.

Gary Korn