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To: Harry Landsiedel who wrote (60424)	7/15/1998 1:21:00 PM
From: Thomas M.	Respond to of 186894

Nasdaq's NODES Could Transform the Market fool.com fool.com ...the basic obligation of market makers to provide real liquidity, an obligation underscored by the strengthening of SOES in '87, will essentially be thrown out... ...much of what's good about NODES is the product of Nasdaq adjusting to outside pressure. Much of what remains bad about the proposal involves sly attempts to outflank those pressures... ...But NODES ultimately begs a more important question: Does Nasdaq really need market makers at all? Tom