21.   An electronic trading system with automatic time stamped entries will be put into effect next year.

22.   And it said it is looking at ways tor restore its stock trading operations to profitability by promoting a new electronic trading system known as OptiMark.

23.   And private electronic trading systems have continued to grow.

24.   Another company, InterBourse Ltd. is looking to alleviate the liquidity problem by setting up a trading system for the stocks of tiny companies that have gone public.

25.   Archipelago, based in Chicago, is the fifth-largest electronic communications network, or ECN, as the new-generation stock trading systems are called.

26.   As China grows, so will its influence in the global trading system.

27.   As much as developing nations may need debt relief and development aid, a prerequisite for long-term growth is full participation with the global economy and trading system.

28.   As joint owners, the three securities firms will provide initial financing, core technologies, system development and personnel to start the company and develop the trading system.

29.   As such, they compete not only with other alternative trading systems but also with market makers and traditional exchanges, like the New York Stock Exchange.

30.   At least one private trading system voiced elation about the performance of its software.