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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: esecurities(tm) who wrote (222)	5/29/1999 7:13:00 PM
From: Anthony@Pacific	Read Replies (2) \| Respond to of 314

This is going to be the stupidest and quickest experiment to fail... watchg noone will care US comopanies will be close d and what news will propel the stocks up or down and how does that effect anyone ..Brokerage firms will be the fiorst to rebuff this idea..ECN's just want more money on each trade and noone will play..itsd stupid and it wont work because nobody cares...

To: esecurities(tm) who wrote (222)	5/30/1999 12:22:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 314

"NYSE TO EXTEND TRADING HOURS" "...COMMENT: There is a lot of talk about extended trading hours. The NYSE is meeting June 3rd and could add extra trading sessions to the day as early as July, a full year earlier than originally planned. As expected, Nasdaq followed the NYSE lead and voted to open a second trading session during the week from 5:30 p.m. to 9:00 p.m. EST Monday through Thursday. An additional morning session may also be considered to better co-ordinate with European markets. All proposals would ultimately be referred to the SEC for final approval. The proposed changes are nothing new. What has changed is the timetable in which they may be adopted. Back in December the NYSE announced that it intended to offer an early and a late session to supplement the existing day beginning in June of 2000. However with the combination of online brokerages allowing investors to place orders 24 hours a day and with systems that automatically match buy and sell orders anonymously, something had to be done sooner rather than later. It appears many online traders will welcome the move to extend hours. Charles Schwab reports that almost 25% of orders are placed outside of the current trading hours. Ameritrade says 33%. Further the extended day will help those investors in the Western time zones that have had some difficulty in trading on current news as the markets close at 1 PM local time. And it certainly should help the overseas investors and traders. It's a big world out there and it is our prediction that this new concept of extended trading will soon lead to 24 hour trading and will be bigger than big. We are sticking with Merrill Lynch (MER), Charles Schwab (SCH), E-Trade (EGRP), Friedman, Billings and Ramsey (FBG), and Southwest Securities (SWS)..." SOURCE: THE BULL MARKET REPORT WEEKLY, May 30, 1999 Volume 8, #22w 7:12 AM PDT