Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JIM W who wrote (64)	2/19/1999 7:34:00 AM
From: Keith A Walker	Read Replies (3) \| Respond to of 4443

News affecting Ashton: CBOE has ROS system for options - anyone have any comments on this? CBOE introduces electronic order matching system CHICAGO, Feb 18 (Reuters) - The Chicago Board Options Exchange (CBOE) said a new electronic order matching system was operational in several of its stock options and it plans to complete installation floor-wide in the next few months. The system, called Rapid Opening System or ROS, was first introduced into the exchange's busiest stock options, including Amazon.com Inc. <AMZN.O>, Yahoo! Inc. <YHOO.O>, America Online Inc. <AOL.N>, Gateway 2000 Inc. <GTW.N>, Hewlett-Packard Co. <HWP.N> and Loral Space & Communications Ltd. <LOR.N>. A CBOE spokeswoman said the system will be operational in each of its 11 posts within a couple of weeks and will be available in every stock option in a few months. ROS electronically matches marketable customer buy and sell orders received prior to the opening of trade, minimizing the time needed to open all options series in a class, the CBOE said. It allows options trading to begin within seconds of the opening of the underlying stock, it said. Orders that cannot be matched with other customer orders will be electronically assigned to market makers at the opening bid or ask price. Confirmation of an order's execution and price will be instantaneously, electronically routed back to the point of origin. Currently, more than 84 percent of CBOE's orders are routed to and from the exchange electronically and about 40 percent of orders are executed electronically. "These numbers will increase even more as the ROS system is implemented floor-wide at the CBOE over the next few months," the exchange said in a news release. ((Chicago Derivatives Desk 312-408-8750, chicago.derivatives.newsroom@reuters.com)) REUTERS Rtr 19:35 02-18-99

To: JIM W who wrote (64)	2/26/1999 7:48:00 AM
From: Keith A Walker	Respond to of 4443

Good piece as the top new story in the WSJ today on use of alternative trading systems or ECNs. Ashton was not mentioned, bummer, but at least this is an area which is getting hot. Instinet and Optimark were mentioned, although, as far as the NYSE is concerned no one system has been chosen or is seen as the leader. Anyone have any insight to the article? John Westergaard, do you care anymore? Since Ashton is no longer featured on your WBN website (no longer paying you any money) I suppose it doesn't matter to you. Yes JW, I am questioning your sincerity and commitment to the little guy! You've lost a fan of WBN.