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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Leland Charon who wrote (7625)	4/2/2000 12:46:00 AM
From: TheKelster	Read Replies (1) \| Respond to of 18137

March 31, 2000 Single, Computerized 'Book' For Stocks Appears Less Likely BY JUDITH BURNS Dow Jones Newswires WASHINGTON--A proposal to create a single, computerized "book" for U.S. stocks, showing customers' pending orders, is looking less and less likely. "The CLOB is dead" is the summary repeated by several securities-industry executives who spoke about the central limit order book, or CLOB, on condition they not be identified. Other executives said it would be premature to say the plan is dead, but believe support for it is diminishing in the face of vocal opposition. Federal Reserve Board Chairman Alan Greenspan, for example, will likely oppose a government-sanctioned CLOB in coming testimony to the Senate Banking Committee, on grounds that it would be bad for U.S. markets, several executives predicted. A Federal Reserve spokeswoman declined to comment on Mr. Greenspan's testimony. Mr. Greenpan's views, however important, aren't the final word on the subject, since regulation of U.S. securities markets rests with the SEC, not the Fed.