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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: Smokey888 who wrote (3768)	4/21/2001 12:52:40 AM
From: LPS5	Respond to of 4443

Post whatever it is here.

To: Smokey888 who wrote (3768)	4/21/2001 11:35:10 AM
From: Smokey888	Read Replies (1) \| Respond to of 4443

LPS5: sorry for all the confusion: Didn't mean to be so dumaflated about the other board, had just been experimenting with it and thought it was merely a "click" ........ and sorry about the fixed font business, wasn't use to that function either. I don't post alot in this vein as I tend to be more internal and blunt out my final decisions/thoughts. Also much of the below material is a combination of material I've collected from various sources including writings from good posters and ATG but I think it applies to those items you brought up. So, feel free to pick out what you wish or anything worthwhile. I tried to turn into questions. So, here we go: Thanks in advance First, isn't your concept reversed - the alternative trading systems are replicating the block/principal/agency desks only without the other "bundled" products (i.e., research, IPOs, et.) Second, couldn't the alternative trading systems and ECNs currently in the marketplace all be replicated. Hasn't the advances in telecommunications and technology and the declining price of communications and technology assured this. At a minimum, hasn't each new generation of product made it very probable that transaction costs will continue to come down, as ATG has been saying all along. And isn't your comment regarding "buy vs. build" the classic example of trying to make current business processes faster and cheaper via using technology. Isn't this the reality despite all the talk about the advantages of technology and its ability to replace humans - including traders. The major US Exchanges, most ECNs and ATSs are following similar trends that will not provide any competitive advantages. What do you think about the idea that the marketplace will become too complex and chaotic for traders or alternative trading systems to make the "best" decision at any singular point throughout the trading day. It very much appears there is a need for an alternative to traditional point in time trading that "integrates out" the chaotic uncertainty and aligns more naturally with the trading styles and longer term objectives of traders. That very much appears to be ATG's objective, how do you think it will play out in these terms. Thanks in advance