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

To: bob wallace who wrote (10871)	7/1/2003 1:57:33 PM
From: Carole Olkowski	Read Replies (1) \| Respond to of 12617

NASDAQ Makes Tough Decisions NASDAQ announced that it is eliminating several none-core businesses to control its expenses. The biggest surprise was the discontinuation of the new BBX Exchange (see original BBX release here). BBX would have been a major improvement in micro-cap trading, offering fully automated executions. Instead, NASDAQ will leave its old OTCBB system in place, where market makers manually fill trades via telephone. There are reports that the BBX didn’t have the full support of the SEC, who had yet to approve the exchange. The decision, however, is an enormous disappointment for traders and investors. The BBX’s proposed automation systems had the potential of significantly improving bulletin board liquidity and trading efficiency.