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To: LANCE B who wrote (1561)5/3/2000 12:10:00 PM
From: OFW  Respond to of 2005
 
Lance, this cancelled order problem has become a plague on MyTrack --- although since it was already gravely ill no one will notice.

Yesterday I got a cancellation message on the screen confirming I had cancelled an order to buy 2500 shares of a stock. This morning I see a one line entry on my screen saying I had bought 700 shares of an unnamed stock - no symbol at all.

Once I figure out what the stock was that I bought AFTER cancelling the order, I finally figure out that MyTrack says that the order was actually partially executed but the confirmation was delayed --- so my cancellation is not valid, I guess.

More of the same crap from MyTrack. The ongoing trading execution problems are so severe that something must be done. I suspect my formal complaints to the SEC and NASD will do no good --- leaving me with no option but to begin selling off positions towards closing my account.

Offie



To: LANCE B who wrote (1561)5/3/2000 3:00:00 PM
From: Jim Bishop  Respond to of 2005
 
WAMX anyone here familiar with these guys?

This all sounds great:

WAMEX Advantages:

-- 24 Hour/7 Day a Week active trading and execution via
Internet, fax or phone

-- The fastest trade execution at the lowest cost in the world

-- The ability to trade any registered security in the world
without a broker

-- The ability to convert currencies and execute stock
transactions simultaneously

-- Translation in 9 different languages

-- T+O Trades-In most cases instant settlement, confirmation and
clearing with the guarantee of delivery and cash transfer

-- Easy-To-Use/Easy-To-Understand Interface

-- Direct interaction between small individual investors and
institutions

-- Unparalleled order management systems that can be programmed
to execute instructions without supervision VELOCITY(TM)

-- Communication ability between members via the WAMEX Message
System

-- Up to date, real time investment information, charts, graphs
and quotes

-- Move from direct ATS trading to order routing for traditional
open market execution

-- Minimized standards for membership Easy-To-Join/
Easy-to-Maintain

Never before has a securities firm opened its limit order book to its clients.
WAMEX not only does this, but also displays its orders to the whole world. The
Alternative Trading System will allow investors to trade amongst themselves;
therefore eliminating the losses associated with proprietary trading so commonly
employed against individual investors. This trading system is bound to become
the major alternative to trading securities on traditional markets and
exchanges.



To: LANCE B who wrote (1561)5/4/2000 4:25:00 PM
From: Jim Bishop  Read Replies (2) | Respond to of 2005
 
No one answered my WAMX question yesterday. So today, you get more spam, with today's news.

WAMX news:

Global Exchanges Emerging - WAMEX to Launch New Global Alternative
Trading System; London, Frankfurt, and Nasdaq Exchanges Link Up To
Establish Pan European Electronic Exchange Focused on New Economy
Companies

IRVINE, Calif., May 4, 2000 (PRIMEZONE) -- (www.ibchannel.com; www.wamx.com)
Nasdaq said Wednesday that it will link up to the newly merged
Anglo-German bourse in 2001 to accelerate its attempts to gain a foothold in Europe and,
subequently, advance its plan for a global stock market. Nasdaq
announced the linkup as the London Stock Exchange and the Deutsche Boerse said they
would combine to form Europe's largest exchange to be called iX --
``International Exchanges.'' The Nasdaq linkup, operating under the auspices of the newly
merged exchange, would be called ``Nasdaq iX.''

``This cuts by months the amount of time it would have taken otherwise to go live and then
connect with the rest of the world,'' Frank Zarb, chairman of the National
Association of Securities Dealers, parent company of the Nasdaq, told a New York news
conference by telecast from London.

Nasdaq's linkup to the newly merged bourse was scheduled to launch operations in the
early part of next year, Zarb said. Nasdaq would own 50 percent of Nasdaq
iX, while iX would own the other half of the joint venture. Nasdaq iX, which would be
billed as a Pan-European electronic market focused on New Economy
companies, will be based in London and operate out of Frankfurt, Nasdaq officials said.
Nasdaq iX will envelope London's techMark and Germany's Neuer Markt
into its operations.

SEC Chairman Arthur Levitt has been calling for exchange reforms which are aimed at
leveling the playing field for Investors. Island ECN President Matthew
Andresen recently stated ``Chairman Levitt has once again made clear that the traditional
markets must do more to embrace enhanced competition and innovation,
and that the first step is to level the playing field between the individual investor and the
market professional''

So how does an investor capitalize on this global market trend. For a sneak preview visit
www.wamx.com.

While the New York Stock Exchange and Nasdaq are currently attempting to go public;
one stock to watch is Reuters PLC (Nasdaq:RTRSY - news), owner of
Instinet and WAMEX Holdings, Inc. (OTCBB:WAMX - news) - the only publicly traded
company known to be developing a global ``round the clock'' Alternative
Trading System which may be more powerful than any exchange or trading system now in
operation. WAMEX has affiliated with companies such as Oracle
(Nasdaq:ORCL - news), NYD2, 1 Web Pl., Netholdings and IBChannel.com to create a
new Alternative Stock Market.

WAMEX has declared July 4, 2000 the official launch of its new electronic Alternative
Trading System and ``Independence Day for Investors'' because it enables
investors to trade directly, reducing Spread Exposure by eliminating the intervention of
brokers or traders. This revolutionary trading platform provides investors
round the clock access to trade all registered securities at low cost with anonymity across
all continents, in any major currency, in nine different languages, and with a
link to trade all major exchanges.

The Alternative Trading System will allow investors to trade amongst themselves; therefore
eliminating the losses associated with proprietary trading so commonly
employed against individual investors. This trading system is bound to become the major
alternative to trading securities on traditional markets and exchanges.

About IBChannel.com

IBC (www.ibchannel.com) is the premier business and finance portal. Interactive Business
Channel Inc. develops and invests in new technology companies and
incubators and has taken a 3% equity position in WAMX (www.ibchannel.com/disclaimer).
IBC provides a full range of resources to infuse emerging growth
companies with the development strategies and financial support needed to rapidly
introduce innovative products and services. Resources include HR, network
infrastructure, consulting and services relating to development and technology, web
development, graphic design, advertising, marketing, competitive research, legal,
accounting and business development support and services.

CONTACT: Interactive Business Channel Inc.
info@ibchannel.com
www.ibchannel.com

SOURCE: IBChannel.com

More Quotes
and News:
Oracle Corp (NasdaqNM:ORCL - news)
Reuters Group PLC (NasdaqNM:RTRSY - news)
Wamex Holdings Inc (OTC BB:WAMX.OB - news)
Related News Categories: computers, internet, software