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


To: mmmary who wrote (4358)12/21/2001 8:56:16 PM
From: StockDung  Respond to of 4443
 
Merry Christmas from a Lawyer*

Please accept with no obligation, implied or implicit, our best wishes for an environmentally conscious, socially responsible, low stress, non-addictive, gender neutral celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasions and/or traditions of others, or their choice not to practice religious or secular traditions at all ...

... And a fiscally successful, personally fulfilling, and medically uncomplicated recognition of the onset of the generally accepted calendar year 2002, but not without due respect for the calendars of choice of other cultures whose contributions to society have helped make America great, (not to imply that America is necessarily greater than any other country or is the only "AMERICA" in the Western Hemisphere), and without regard to the race, creed, color, age, physical ability, religious faith, choice of computer platform, or sexual preference of the wishee.

(By accepting this greeting, you are accepting these terms. This greeting is subject to clarification or withdrawal. It is freely transferable with no alteration to the original greeting. It implies no promise by the wisher to actually implement any of the wishes for her/himself or others, and is void where prohibited by law, and is revocable at the sole discretion of the wisher. This wish is warranted to perform as expected within the usual application of good tidings for a period of one year, or until the issuance of a subsequent holiday greeting, whichever comes first, and warranty is limited to replacement of this wish or issuance of a new wish at the sole discretion of the wisher.)



To: mmmary who wrote (4358)12/21/2001 9:01:49 PM
From: StockDung  Read Replies (1) | Respond to of 4443
 
Maybe they wanted to say 250,000,000 share issued not 250 Millionth Revenue Share Traded in 2001? LOL

The Ashton Technology Group Announces 250 Millionth Revenue Share Traded in 2001


PHILADELPHIA--(BUSINESS WIRE)--Dec. 17, 2001--The Ashton Technology Group, Inc. (OTCBB:ASTN.OB) announced today that it recently traded its 250 millionth revenue share at the daily volume weighted average price (VWAP) in calendar year 2001.

Based on third quarter 2001 institutional trading statistics collected and analyzed by Elkins/McSherry, a leader in global transaction cost consulting, Ashton customers collectively have saved between $6.5 million (2.6 cents/share) and $13.5 million (5.4 cents/share) in trading costs in 2001 through usage of Ashton's VWAP trading services.

Cost savings are based on average market impact losses in third quarter institutional trading (NYSE and Nasdaq) when measured against the VWAP.

Fredric Rittereiser, Ashton Chairman and Chief Executive Officer, said, "VWAP trading is approximately 15% of the market and growing. According to third quarter [2001] data from Elkins/McSherry, 81% of institutional trading in NYSE issues and 87% of institutional trading in Nasdaq issues fail to beat the VWAP. We are beginning to establish ourselves as a major liquidity provider at the volume weighted average price."

Ashton's eVWAP(TM) is an anonymous, pre-opening matching system that executes orders at an SEC-approved standardized eVWAP Price. At present, Ashton offers execution at the volume weighted average price in all S&P 500 equities, including 77 Nasdaq issues. Participants receive confidential, binding match reports before the market opening with the eVWAP Price automatically ascribed to such trades following the market close.

Key users of the System, which is operated by Ashton as a facility of the Philadelphia Stock Exchange, are brokers, index traders, plan sponsors, money managers, and other institutional investors.

Ashton is an eCommerce company that develops and operates electronic trading and intelligent matching systems for the global financial securities industry. Our focus is to develop and operate alternative trading systems, serving the needs of exchanges, institutional investors and broker-dealers in the U.S. and internationally.

Our goal is to enable these market participants to trade in an electronic global trading environment that provides large order size, absolute anonymity, no market impact and lower transaction fees.

The foregoing press release contains forward-looking statements based on current management expectations. A variety of important factors could cause results to differ materially from such statements. Factors that could cause actual results to differ from current expectations include unexpected regulatory filing issues, industry trends, and competition.

These and other risks are described in greater detail in Ashton's filings with the Securities and Exchange Commission.

Websites: www.ashtontechgroup.com and www.evwap.com.

CONTACT:

Ashton Technology Group, Inc., Philadelphia

Christine Geisser, 215/789-3300

Telefax: 215/789-3397

Shareholder email: shquestions@ashtontechgroup.com

KEYWORD: PENNSYLVANIA

BW2506 DEC 17,2001

9:48 PACIFIC

12:48 EASTERN