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

To: Zeev Hed who wrote (1051)	5/17/1999 5:51:00 PM
From: mst2000	Respond to of 4443

Zeev - You are exactly right in your interpretation of the article. If anything, it bodes well for ATG (on the liquidity side of its equation) that more ECNs are going to be stepping in, looking to capture order flow. And, in the end, an article about how competitive it is becoming for ECNs has very little to do with VTS, Ashton's ATS (which is not an ECN), aimed as it is at institutions seeking anonymous VWAP trade executions. Not sure what point Auric is trying to make - that electronic stock trading is full of competition and becoming more competitive?? Well, yeah . . . I think we all knew that. Of course, I guess now that Optimark is aligned with NASDAQ, the likelihood that it (Optimark) will become the ATS of choice for the NYSE is slim to none. But he puts little stock in the prospect of the NYSE being interested in the PHLX partly because of the ATG array of ATS possibilities that the NYSE might find useful to compete for trading on NASDAQ stocks. Nahhhhh - drawing that conclusion would clearly involve believing that ATg is actually a real company with something to offer the NYSE, something that Auric is clearly unwilling or unable to accept as a possibility. Zeev - Thanks for your observation. I think it is dead on correct. Auric - Try objectivity next time - I will admit it is difficult for me at times, but I have historically been willing to at least try to understand and integrate views different from my own in my efforts to better understand an investment (including this one), whereas I believe you are inflexibly negative to ATG because you have concluded based on your other experiences that any company whose stock goes from 2 to 11-1/2 over an 8 week period can't be real and must be pumped up to be at that level. I really think that is not the case here, and that we are first scratching the surface on what the value of ATG will be in 12 months. Maybe you ought to consider the possibility that there it may be worthwhile to look at ATG in that way. MST