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Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (58)	4/10/1999 10:50:00 AM
From: Impristine	Read Replies (1) \| Respond to of 314

Hi lola, just think, if datek/island or equivalent, was bought out by a Yahoo or an Amazon... and island suddenly became popular by the masses, and the volume exploded, and the liquidity exploded, and suddenly it was doing 50-70 percent, of nasdaq volume, and the big boys screamed and yelled, and they just kept doing a credible, honest biz, and everybody screamed, and everybody bitched and complained, and a credible honest biz, just kept doing their thing, and the volume kept growing, and people kept talking, and the big boys kept screaming, and yelling, and talking everything down, and the volume kept growing, and the world was good, and people prospered, and everyone was happy....

To: Lola who wrote (58)	4/10/1999 2:48:00 PM
From: brec	Respond to of 314

Eh? I have nowhere disparaged computers or computerized securities markets. In fact it's an area that fascinates me, and that's why I'm involved in this thread. I have worked on the Street using computer-based convertible securities hedge systems which I programmed and traded, and I've been a software developer and publisher. I'm still looking for an answer as to how a computerized market without human market makers or specialists handles illiquidity on the (computerized) order book, i.e., a large spread confronting an order from the public. So far, no one here seems to know, and as mentioned earlier the TSE's "How it works" explanation on its WWW site doesn't cover that question. Perhaps I'll call the TSE next week and ask.