21.   In part, the muted reaction by Japanese brokers and fund managers reflects a diminished appetite for technology-related stocks, which dominate the new exchange.

22.   It is an ecology so expensive and difficult to create from scratch these days that most new exchanges developed in recent years reside entirely on computers.

23.   Kostov said the government would play a key role in establishing the new exchange.

24.   Last week, the company announced a program for government purchasing, and announced Monday the creation of a new exchange for the lumber and paper industries.

25.   Shares of five other local banks are expected to transfer from the OTM market onto the new exchange.

26.   Some investors fear new exchange controls and restrictions on foreign investment under a Bucaram administration.

27.   Stock exchange officials expect that obtaining the first listings on the new exchange will be difficult, he said.

28.   Stemming a run on reserves is essential if the government is to protect the bolivar and its new exchange policy.

29.   That rate would then become the basis for a new exchange policy.

30.   The announcement of the new exchange system follows a long period of turbulence in the black market rate in Cuba.