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Moderated By: Mike Haaren -- (Not Moderated) -- Started: 6/17/1996 2:33:00 PM Revision History

I would like to exchange news on the progress of NAQcess and other proposed changes to the Nasdaq system that would impact the individual trader/investor.

FYI, for example, I've heard that the SEC has pretty much accepted the proposal that, under NAQcess, market makers be given 15 seconds to back away from their quotes before taking a trade. (If you daytraders think the system is slippery now, wait till you get a taste of this.) Can anyone corroborate this?

My own opinion is that market makers/specialists are a self-serving anachronism that should be eliminated entirely, with all trades handled by computer.

I'll research NAQCESS and similar issues further and post what I find.

Mike Haaren.

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Reply	Message Preview	From	Recs	Date
23	Mark - I'm afraid I had to let the thread go - I just didn't have the t	Mike Haaren	-	10/25/1996 08:14 AM
22	Hi Mike, There have been some questions about Naqcess on the SOES thread. I tho	Mark Nelson	-	10/24/1996 08:24 PM
21	> I read that NAQcess is to apply to 1000 stocks to begin and gradually >	Rick Kunz	-	09/02/1996 12:32 PM
20	Mark - I read about the changes in the papers and on the SEC's Web site, a	Mike Haaren	-	09/02/1996 10:33 AM
19	From what I have read recently, NAQcess feed will give prices and sizes of limi	Mark Nelson	-	09/02/1996 12:46 AM
18	GS - Sorry I haven't been able to get to this lately, just swamped. I'	Mike Haaren	-	08/21/1996 08:58 AM
17	What do you say? Anyone want to wake this thread up? Or switch some of the di	White Shoes	-	08/20/1996 10:49 PM
16	Thomas - Thanks for the input. I hope to post an update on NAQcess shortly, as	Mike Haaren	-	07/25/1996 06:13 PM
15	To all... I don't know if this is the same site, but you can find a WordPe	Thomas Calvet	-	07/25/1996 05:56 PM
14	Mike, Thanks for the response back. I'll just wait for your synopsis as w	Alan Stalter	-	06/25/1996 12:04 PM
13	Alan - I'm afraid I used "cripple" offhandedly, as NAqcess is in	Mike Haaren	-	06/24/1996 08:16 PM

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