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To: lowbuy who wrote (5521)	4/2/1998 11:43:00 AM
From: Tony McFadden	Respond to of 10227

From NASDAQ concerning volume... "The rules for trade report on the Nasdaq Stock Market and the NYSE/AMEX are the same; to report a trade whenever there is a change in ownership. However, on Nasdaq, there is an intermediary (market maker) present in a higher percentage of cases. That is, if 100 shares are sold from a client to a market maker, and then the market maker subsequently sells the share to another client, both trades are reported. This holds true on the exchanges also, in the case of the specialist or NYSE member firms. The difference lies in the percentage of cases that there are not investors on both sides of the trade, on Nasdaq that percentage is higher, and thus the "double counting" will occur more frequently. Hope this helps. Nasdaq Webmaster" Means to me, it's anywhere from 18.5 Million to 37 million traded, with no real way of knowing the exact amount. Tony