Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nanchate who wrote (3487)	4/13/2000 12:18:00 PM
From: Nanchate	Read Replies (1) \| Respond to of 4443

Greenspan on Changing Market Technology federalreserve.gov Testimony of Chairman Alan Greenspan Evolution of our equity markets Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate April 13, 2000 Implications of Changes in Technology ..."More powerful and functional computers and newer telecommunications technologies, in combination with deregulatory innovations by the SEC, have facilitated the development of new trading venues for equities. These new venues offer investors a wide range of alternatives for entering orders and executing trades. Some of the new trading mechanisms also offer speedier executions or greater anonymity, which are important to some types of investors. Many allow customer orders to be matched directly, without the traditional intervention of a specialist or market maker. As alternative trading venues proliferate and flourish, they have attracted increasingly larger volumes from the Nasdaq market and to a lesser extent from the other exchanges. This competition among trading systems in the short run has resulted in market fragmentation ? not all orders to buy and sell securities necessarily have the opportunity to interact with one another.".....