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To: Edwin S. Fujinaka who wrote (5263)6/8/2000 1:09:00 AM
From: Taikun  Read Replies (1) | Respond to of 6018
 
I met Alfred Berkeley, Nasdaq President (reports to Frank Zarb) after he spoke at a conference on Corporate Governance in UCLA in February. Nasdaq is not into making enemies (hence the forays into Osaka not Tokyo and Montreal not Toronto).

Nasdaq has a fully automated trading and settlement system where the costs are plummetting to cents a trade. A little know fact is that Nasdaq clears 95% of the NYSE trades. My contention is that Nasdaq will be clearing this group's trade's as well. Nasdaq is fixated on lowering trading costs, and lower trading costs leading to more volume puts Nasdaq closer to the customer.

My bets are with Nasdaq.