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

To: TFF who wrote (8352)	7/30/2000 10:28:01 AM
From: LPS5	Respond to of 12617

Electronic Stock Exchanges One Step Closer to Opening in Canada Sun, 30 Jul 2000, 10:24am EDT Toronto, July 29 (Bloomberg) -- Securities regulators published rules for alternative trading systems yesterday and officially requested proposals from organizations that want to set up a network tying them all together, moving one step closer to allowing electronic stock exchanges to open in Canada, the Globe and Mail reported. The electronic exchanges will compete for business with traditional markets such as the Toronto Stock Exchange, and will probably appeal to institutional investors who will want to trade large blocks of stock at the cheapest possible price. The regulators want the final rules governing alternative trading systems to be set by December and aim for electronic exchanges to begin operating as early as the middle of 2001, the paper said, citing Ontario Securities Commission manager of market regulation Randee Pavalow. © Copyright 2000, Bloomberg L.P. All Rights Reserved.