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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (5455)	11/2/1999 12:47:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 10027

10/27/99 PR Newswire 10:58:00 PR Newswire Copyright (c) 1999, PR Newswire Wednesday, October 27, 1999 . . . OptiMark(R) Trading System Goes Live on Nasdaq after SEC Approval The Nasdaq Stock Market launched the OptiMark(R) Trading System, initially making 10 Nasdaq securities available to Nasdaq market participants. Optimark began operating on October 11, 1999 after the Securities and Exchange Commission (SEC) approved Nasdaq's request to integrate it into its existing trading network. The Nasdaq/OptiMark application, developed by OptiMark Technologies, Inc., of New Jersey, was integrated into the Nasdaq system by Nasdaq. It is an electronic matching system for trading equities, providing an anonymous and confidential trading environment with the potential for reduced costs. With optimal matching capabilities, the application offers enhanced execution to institutions, Market Makers, and traders alike.

To: Gary Korn who wrote (5455)	11/2/1999 1:07:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 10027

Some research snippets: OptiMark Technologies (founded by Instinet's former chairman, William Lupien, and financed in part by Dow Jones & Co. and IBM) now does direct electronic crossing in all NYSE stocks listed on the Pacific Stock Exchange. For actively traded stocks, OptiMark matches buyers and sellers every three minutes; for others, every five minutes. They just keep queueing up the orders and executing them. . . . In July, OptiMark did raise $100 million in a private placement, 90% of it from a venture-capital fund led by Japan's SoftBank Corp. (I.e., Future IPO of a company in which NITE could end up as the largest shareholder)

To: Gary Korn who wrote (5455)	11/2/1999 2:21:00 AM
From: blankmind	Read Replies (1) \| Respond to of 10027

i was trying to figure out how much the nite warrants could be as a % of optimark, but i do not think they want people to know, but the stake could prove upwards of 20% or more, something i thought to high in a discussion with gary k. from investorville: posted 09-13-99 12:32 PM Last week Merrill Lynch, the nation's biggest brokerage company, bought a 14% stake in Archipelago, the upstart electronic trading network that has applied to become a full-fledged stock exchange. This is the fourth of the fast-growing ECNs that Merrill has invested in. It also has a 10% stake in BRUT, a 33% stake in Primex, and a large undisclosed stake in Optimark. investorville.com Terms of the warrants weren't disclosed, but OptiMark said if Knight exercised them, it could eventually become OptiMark's largest shareholder. Other shareholders currently include Goldman Sachs Group Inc., Merrill Lynch & Co. and mutual-fund manager American Century Cos. Dow Jones & Co., publisher of The Wall Street Journal, has a 6% stake in OptiMark Technologies. The Pacific Exchange and the National Association of Securities Dealers, parent of the Nasdaq Stock Market, both have warrants convertible to shares of OptiMark.