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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Stuart T who wrote (68131)	10/28/1999 7:49:00 PM
From: Stuart T	Respond to of 90042

Nasdaq Online for the Little Guy Reuters 3:00 a.m. 28.Oct.99.PDT Nasdaq plans to set up online trading from its Web site for small investors, according to Frank Zarb, chairman of the company's parent, the National Association of Securities Dealers (NASD). Speaking at the Japan Society Wednesday, Zarb said Nasdaq had plans to allow online trading from its Web site for any person wishing to make a trade, so long as they were already set up and registered with an NASD broker. Nasdaq's Web site has heavy traffic, getting about 23.5 million hits a day just for stock quotes. Zarb said that, in the future, Web cruisers could see the quote and make trades with just a few more keystrokes. Because all users would already have registered accounts, brokers would be able to monitor the "suitability" of the investments, make sure traders had enough credit to cover their transactions and handle clearing and settlement. Zarb did not give a timetable for the plan, which he said has been in the works for months. More details will be available in two to three weeks, he said, adding that many brokerages and clearing houses would have a lot of "plumbing" to do, setting up the appropriate technology connections. wired.com