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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Burton Waxman who wrote (206)	2/12/1999 11:40:00 PM
From: scanshift	Read Replies (2) \| Respond to of 10027

I think sooner than traders think, E-Trade (and other on line brokers) will pull a lot of order flow away from Nite and direct it to ECN's. Bill Burnham agrees with me. His quote is from a WSJ story: Online Trader Knight/Trimark, Amid a Boom, Faces Threats By REBECCA BUCKMAN Staff Reporter of THE WALL STREET JOURNAL .................."Bill Burnham, an electronic-commerce analyst with Credit Suisse First Boston Corp., says ETrade might send all of its limit orders to Archipelago, reserving market orders for Knight. That scenario "would have an impact" on Knight, which can use limit orders to gauge sentiment in the market and aid its own, proprietary trading, Mr. Burnham says"........................ If they were not going to do this, why is E-Trade apparently looking to dump Nite stock?* Knight/Trimark Shareholder ETrade, Others May Sell, WSJ Says Jersey City, New Jersey, Jan. 19 (Bloomberg) -- Knight/Trimark Group Inc.'s major shareholders, including ETrade Group Inc., Ameritrade Holding Corp. and Toronto-Dominion Bank's Waterhouse Securities Inc., may sell their stock in the company, the Wall Street Journal reported. The 180-day period during which Knight/Trimark's 26 broker-owners are restricted from selling shares expired this month, and Deutsche Bank Securities analyst James Marks said he expects E*Trade and Ameritrade to sell all or a portion of their holdings. The sales could cut Knight/Trimark's business, as the brokerages lose their incentive to use the company to execute stock orders, the newspaper said........