Ashton Technology Group (fka ASTN)

[sarals]

ASTN Contractual Partners

Re: MST2000 - Contractual Partners?
by: erltprl (M/OKC) 06/01/01 11:41 am EDT
Msg: 118068 of 118095

http://www.nasdaq.com/asp/quotes_sec.asp?symbol=ASTN`&selected=ASTN

http://realtimefilings.nasdaq.com/edgar_conv_html/2001/02/12/0000927356-01-00017 7.html

UTTC has also integrated the following trade order management systems and national clearing firms:


Trade Order Management Systems
. Belzberg Financial Markets and News International, Inc. is a supplier of global Internet trading solutions, whose gateways process millions of shares on a daily basis for many of the large brokerage houses in North America.
. SunGard Institutional Brokerage, Inc. provides integrated information technology solutions for financial services. SunGard Financial Networks provides automated execution of equity trades, with eVWAP to be set up as one of its venues.
. AutEx(R), a Thomson Financial Company, is a provider of automated trade execution. Through AutEx, eVWAP will be available to additional order management systems, including Antares, MOXY, IDEE, LandMark, Predator, Open Trader, Charles River Development, Traders Console, and IMS5.

Clearing Firms
. Banc of America Securities, LLC . Bear Sterns & Co., Inc.
. Broadcort Capital Corp. (a subsidiary of Merrill Lynch & Co., Inc.)
. Correspondent Services Corp. (a subsidiary of Paine Webber Group, Inc.)
. Credit Suisse First Boston Corp. . DB Alex.Brown LLC
. Jefferies & Co., Inc.
. Goldman Sachs & Co.


. Legg Mason Wood Walker Inc.
. Lehman Brothers Inc.
. Pershing Division of Donaldson,Lufkin & Jenrette Securities Corporation
. US Clearing Corporation.
When UTTC management has determined that a sufficient number of appropriate users are prepared to actively participate in eVWAP trading, UTTC's customer relationship team will orchestrate a more sustained increase in order flow from those users.

On October 30, 2000, the SEC approved the extension of the eVWAP pilot until November 30, 2001. Effective February 1, 2001, the PHLX filed with the SEC a revised eVWAP fee schedule providing for more competive pricing of all eVWAP trade types. The revised fee schedule was effective immediately upon filing.

Ashton has an agreement with a third party to develop an interactive central limit book for a non-equity securities marketplace. The system would be licensed to the third party and Ashton would be entitled to certain cash payments and an equity interest in the third party. Ashton has developed the system prototype and the third party is in the process of evaluating the market receptivity to the product. Management believes that this approach will enable it to reduce the costs and risks associated with the development effort of the more demanding central limit order book


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system for equities. Upon completion of the central limit book system, it would be modified and enhanced for use on a global basis.

http://messages.yahoo.com/bbs?.mm=FN&action=m&board=4687979&tid=astn&sid=4687979&...
Posted as a reply to: Msg 118014 by MST_2000