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Re: e$: Guilds, Friedman, and Web-servers for mutual funds

To: [email protected]
Subject: Re: e$: Guilds, Friedman, and Web-servers for mutual funds
From: [email protected] (Eric Hughes)
Date: Wed, 25 Jan 1995 08:41:42 -0800
In-Reply-To: <v01510101ab4bb4545cd9@[199.0.65.105]> ([email protected])
Sender: [email protected]

   From: [email protected] (Robert Hettinga)

   You can sell anything digitable on the net.

   Securities are mostly traded on a book-entry
   basis, that is, in IBM mainframe(still!) computer accounting systems. The
   back offices are all automated. 

In the interest of buzzword-compliance, book entry securities in the
USA are called ADR's -- American Depository Receipts.  ADR facilities
are privately operated; Bank of New York has (if I'm remembering
correctly) the single largest share of this market.

Eric

Follow-Ups:
- Re: e$: Guilds, Friedman, and Web-servers for mutual funds
  - From: "Perry E. Metzger" <[email protected]>

References:
- e$: Guilds, Friedman, and Web-servers for mutual funds
  - From: [email protected] (Robert Hettinga)

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