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To: Patherzen who wrote (1246)	5/21/1999 8:02:00 PM
From: Patherzen	Respond to of 10027

Here's the article on NYSE from AOL Market News... NYSE works toward deal to trade Nasdaq stocks-WSJ NEW YORK, May 21 (Reuters) - The New York Stock Exchange is moving closer to an agreement with several private trading systems to trade Nasdaq stocks but the likelihood of a formal deal is still an open question, the Wall Street Journal reported on Friday. The topic is expected to be broached at the exchange's board meeting in two weeks, the newspaper said, quoting people familiar with the negotiations. For months, the Big Board has been talking to operators of several electronic communications networks, or ECNs, to create a platform under the aegis of the exchange to trade several hundred of the Nasdaq Stock Market's largest stocks, such as Microsoft Corp. <MSFT.O> and Intel Corp <INTC.O> . The three ECNs involved in the talks are Brass Utility LLC, known as Brut; Strike Technologies LLC; and Redibook, the newspaper said. A New York Stock Exchange spokesman said Thursday talks were continuing. NYSE Chairman Richard Grasso said the exchange hopes to reach a decision this summer about whether to move forward, and had earlier described the situation as "fluid," the Journal reported. The talks centre on the idea of building a consortium in which the Big Board and each of the ECNs or the ECN shareholders would own equity stakes. The Big Board has attempted to win over Nasdaq's big companies and list them on its exchange, the newspaper said. Under the current plan, the Big Board could trade those companies without listing them, thus responding to members of the National Association of Securities Dealers, Nasdaq's parent, who for years have traded large volumes of Big Board stocks such as America Online <AOL.N>, the Journal said. 06:06 05-21-99