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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Guardian who wrote (11990)	4/21/1999 7:50:00 AM
From: John Carragher	Respond to of 41369

Didn't see posted so here it is... Big Board Order-Delivery System Slowed AOL Investors on Monday By a WALL STREET JOURNAL Staff Reporter NEW YORK -- Some investors who changed their minds on the stock of America Online Inc. Monday were stymied by delays experienced in the New York Stock Exchange's electronic order-delivery system. The wild trading in AOL triggered an exceptional number of requests to cancel or change orders already entered. A queue developed, and as a result some of those "cancel or replace" messages weren't received until after the original order had been executed, an exchange official said. He said the queue wasn't cleared until after the closing bell. The official couldn't estimate the length of the delays or how many orders were erroneously executed as a result. The Big Board traded 32.6 million shares of AOL Monday, the second-highest overall volume day for the exchange. An additional 23 million shares of AOL traded on regional exchanges and at broker-dealer members of the National Association of Securities Dealers. The official said such delays have happened only once or twice before. To prevent a recurrence, he said "we've devoted more horsepower to that application process [and] we're looking at some longer-term solutions."