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Non-Tech : CyBerCorp.com -- Ignore unavailable to you. Want to Upgrade?

To: Chris Steele who wrote (565)	4/25/2000 9:22:00 AM
From: WryBoy	Read Replies (1) \| Respond to of 1001

I'm a little concerned about the SelectNet changes. From what I have read, only preferences equal to 100 shares above the MM's displayed size will be accepted. So, if an MM displays 1000 shares, you must preference for at least 1100 shares for the order not to be automatically rejected. That stinks if I am reading this correctly. It effectively eliminate preferencing under many conditions. Also, I assume the rule does not apply to ECN preferencing, but I am not sure. I often preference INCA for example for my shares. Can you imagine, if an ECN such as INCA displays 5,000 shares and you cannot preference anything less than 5100 shares?!? I'm a little concerned about this. WB

To: Chris Steele who wrote (565)	4/25/2000 2:44:00 PM
From: CyBerCorp.com	Respond to of 1001

Chris, ....so to access the new NASDAQ rule changes in June, one would simple use the current SOES feature? Yes, the process to access SOES/SNET will remain the same even though the new NASDAQ rules will be in effect. As for how the new rules will effect trading, it is difficult to say. Ideally the new rules will help all parties by creating a more liquid market place and lessoning the number of restrictions investors currently face. Regards, CyBerCorp.com