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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Morpher who wrote (8334)	7/17/2000 10:05:24 PM
From: LPS5	Read Replies (1) \| Respond to of 12617

I think this section from the second article, is among the funnier I've heard in awhile: ``It is a very rapidly evolving market,'' said analyst Robert Napoli of ABN AMRO. ``I do not think ECNs are going to have anywhere near the impact that people think they are going to have. They do not provide the liquidity and they are not faster, cheaper or better.'' HA HA HA HA HA HA HA HA HA. An appropriately credible comment. So: 1. ECNs do not provide liquidity. 2. ECNs are not faster than dealers. 3. ECNs are not cheaper than trading through brokers, whether via the phone or over the internet. 4. Trading via ECNs offers no improvement over throwing ones' orders through a broker or into dealers' hands. LOL, Bobby. It's clear that you're an expert on the subject. LPS5

To: Morpher who wrote (8334)	7/25/2000 8:33:13 PM
From: Morpher	Read Replies (1) \| Respond to of 12617

SEC Proposes Disclosure Rule on Broker Order-Routing quote.bloomberg.com Bloomberg reports that the SEC proposed a rule that would require brokers to disclose on the Internet quarterly how often they route their customers' stock orders to other firms for execution. In an opening statement, Chairman Levitt noted that 85% of Nasdaq market orders are routed to markets that are not quoting the best price. The disclosure plan enjoys broad support from mutual fund companies and the SIA. In addition ECNs would have to issue monthly data on speed of execution, price improvement, and rates of filling customer orders at specified prices.