A Desert Trading Post: Out in Arizona, a computer may make stock pricing fairer

In recent years the Arizona Stock Exchange (AZX) has traded a paltry 200,000 or shares a day for its institutional clientele - well below the 750,000 that Founder Steve Wunsch says he needs to break even. The problem has been that the SEC limits the AZX to a single auction at 5 p.m. However, the SEC...

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Bibliographic Details
Published in:Bloomberg businessweek (Online) 1997-03 (3516), p.81
Main Author: Kathleen Morris in Los Angeles, with Jessica McCann in Phoenix and Suzanne Woolley in New York
Format: Magazinearticle
Language:English
Subjects:
Corporate profiles
Electronic trading
Over the counter trading
Securities markets
Stock exchanges
Wunsch, Steve
Online Access:Get full text
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Summary:In recent years the Arizona Stock Exchange (AZX) has traded a paltry 200,000 or shares a day for its institutional clientele - well below the 750,000 that Founder Steve Wunsch says he needs to break even. The problem has been that the SEC limits the AZX to a single auction at 5 p.m. However, the SEC has recently changed its stance. Wunsch plans to be trading in all 4,147 stocks on the NASDAQ National market within the next few months.
ISSN:0007-7135
2162-657X