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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: Nanchate who wrote (3053)	12/16/1999 8:40:00 PM
From: Nanchate	Read Replies (1) \| Respond to of 4443

"Trading Securities in the Next Millennium": "Trading Securities in the Next Millennium By William W. Uchimoto, Executive Vice President and General Counsel, Ashton Technology Group ashtontechgroup.com Background Info: William W. Uchimoto is Executive Vice President, General Counsel, and serves on the Board of Directors of Ashton Technology Group, Inc. (ATG?) and Universal Trading Technologies Corporation (UTTC?). Mr. Uchimoto also serves as Chief Executive Officer and President of NextExchange, Inc. Mr. Uchimoto brings substantial legal and regulatory experience to ATG, UTTC and NextExchange in developing UTTC?s on-line transaction systems and products. He also will focus on cultivating international business opportunities for ATG and its affiliated companies. Prior to joining ATG?, Mr. Uchimoto was Senior Vice President and General Counsel of the Philadelphia Stock Exchange, Inc. (PHLX), the nation's oldest securities exchange. Mr. Uchimoto was counsel to the PHLX and its subsidiaries from 1986 to 1997 and served as the PHLX?s representative to the Consolidated Tape Association from 1991 to 1997. As an executive officer of the PHLX, Mr. Uchimoto represented the Exchange and its clearing agency subsidiaries before all regulatory bodies, including the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission and Board of Governors of the Federal Reserve System. Mr. Uchimoto is recognized as an expert on National Market System (NMS) issues and penned virtually all of the PHLX's comment positions on market structure and significant regulatory issues. He negotiated the PHLX?s participation in the over-the-counter/unlisted trading privileges (OTC/UTP) Plan and drafted the exchange?s positions respecting options market linkages, and directed all legal/regulatory work on new trading systems and listed products. He also advised the PHLX on international business initiatives, including discussions between the Exchange and the Hong Kong Futures Exchange to build a linkage to trade PHLX foreign currency options virtually around the clock. He has been the Exchange's representative on various joint industry associations relating to NMS facilities such as the Consolidated Tape Association, Intermarket Trading System and Options Price Reporting Authority. From 1981 to 1986, Mr. Uchimoto was an attorney in the SEC's Division of Market Regulation. While at the SEC, Mr. Uchimoto worked on market structure issues such as developing the Congressionally mandated NMS, and drafted the OTC/UTP release (permitting exchanges to trade NASDAQ securities) and permanent approval orders for the National Securities Trading System, which was the first fully electronic exchange. At the SEC, Mr. Uchimoto also drafted the permanent approval orders for the Intermarket Trading System (ITS), Cincinnati Stock Exchange?s National Securities Trading System (the first fully electronic stock exchange), and the National Association of Securities Dealers? (NASD) Small Order Execution System. He also provided critical input and drafted significant releases on the terms and conditions upon which the Institutional Networks Corporation could compete with the NASD in distributing full NASDAQ market maker quotations to professionals and the public. Mr. Uchimoto is a frequent lecturer to the International Law Institute in Washington, DC. He periodically has been on the adjunct faculty of several Philadelphia area law schools, teaching courses in Securities Regulation. Mr. Uchimoto received his law degree from the University of California, Hastings College of Law (1981) and his Bachelor?s degree in Economics from the University of California at Davis (1978). Mr. Uchimoto is a member of the California Bar and the U.S. Court of Appeals for the Ninth Circuit