Notice to Members 98-103

Maximum SOES Order Sizes Set To Change January 1, 1999

Published Date:

SUGGESTED ROUTING

Legal & Compliance
Operations
Systems
Trading


Executive Summary

Effective January 1, 1999, the maximum Small Order Execution SystemSM (SOESSM) order sizes for 476 Nasdaq National Market® (NNM) securities will be revised in accordance with National Association of Securities Dealers, Inc. (NASD®) Rule 4710(g).

For more information, please contact Nasdaq® Market Operations at (203) 378-0284.

Description

Under Rule 4710, the maximum SOES order size for an NNM security is 1,000, 500, or 200 shares, depending on the trading characteristics of the security. The Nasdaq Workstation II® (NWII) indicates the maximum SOES order size for each NNM security. The indicator "NM10," "NM5," or "NM2" displayed in NWII corresponds to a maximum SOES order size of 1,000, 500, or 200 shares, respectively.1

The criteria for establishing maximum SOES order sizes are as follows:

(1) a 1,000-share maximum order size shall apply to NNM securities on SOES with an average daily non-block volume of 3,000 shares or more a day, a bid price of less than or equal to $100, and three or more Market Makers;
(2) a 500-share maximum order size shall apply to NNM securities on SOES with an average daily nonblock volume of 1,000 shares or more a day, a bid price of less than or equal to $150, and two or more Market Makers; and
(3) a 200-share maximum order size shall apply to NNM securities with an average daily non-block volume of less than 1,000 shares a day, a bid price of less than or equal to $250, and two or more Market Makers.

In accordance with Rule 4710, Nasdaq periodically reviews the maximum SOES order size applicable to each NNM security to determine if the trading characteristics of the issue have changed so as to warrant an adjustment. Such a review was conducted using data as of September 30, 1998, pursuant to the aforementioned standards. The maximum SOES order-size changes called for by this review are being implemented with three exceptions.

  • First, issues were not permitted to move more than one size level. For example, if an issue was previously categorized in the 1,000-share level, it would not be permitted to move to the 200-share level, even if the formula calculated that such a move was warranted. The issue could move only one level to the 500-share level as a result of any single review.


  • Second, for securities priced below $1 where the reranking called for a reduction in the level, the maximum SOES order size was not reduced.


  • Third, for the top 50 Nasdaq securities based on market capitalization, the maximum SOES order sizes were not reduced, regardless of whether the reranking called for a reduction.

In addition, with respect to initial public offerings (IPOs), the SOES ordersize reranking procedures provide that a security must first be traded on Nasdaq for at least 45 days before it is eligible to be reclassified.

Thus, IPOs listed on Nasdaq within the 45 days prior to September 30, 1998, were not subject to SOES order-size reranking procedures.

Following is a listing of the 476 NNM issues that will have the maximum SOES order size changed on January 1, 1999.

Endnote

1 Previously, Nasdaq Market Makers were required to maintain a minimum quotation size for an NNM security in an amount equal to the maximum SOES order size for that security. See generally, NASD Rule 4613(a)(1) - (2). On July 15, 1998, the Securities and Exchange Commission approved an amendment to NASD Rule 4613(a)(1)(C), which reduced the minimum quotation size for all Nasdaq securities to one normal trading unit when a Market Maker is not displaying a limit order, and which thus eliminated the requirement that Market Makers quote a size equal to the maximum SOES order size.

Maximum SOES Order Size Changes In NNM Securities
All Issues In Alphabetical Order By Security Name
(Effective January 1, 1999)
Symbol Security Name Old Level New Level
A
ABANP ABI CAP TRUST PFD 200 500
ABBKP ABINGTON TR PFD 200 500
ABFI AMERICAN BUS FIN S 500 1000
ABFSP ARKANSAS BEST CV P 200 500
ABGX ABGENIX INC 200 500
ACLE ACCEL INTL CP 1000 500
ACLNF A C L N LIMITED 200 500
ACMTA A C M A T CP CL A 200 500
ACTU ACTUATE SOFTWARE 200 500
ADGO ADAMS GOLF INC 200 500
ADPI AMERICAN DENTAL 500 1000
ADSC ATLANTIC DATA SVCS 200 500
AHAA ALPHA INDS INC 200 500
AIRS AMERICAN AIRCARRIE 200 500
AKZOY AKZO NOBEL NV ADR 500 1000
ALGX ALLEGIANCE TELECOM 200 500
ALREF ANNUITY AND LIFE 500 1000
AMBC AMER BNCP OHIO 1000 500
AMBCP AMER BNCP CAP TR 200 500
AMCT AMRESCO CAP TRUST 500 1000
AMKR AMKOR TECHNOLOGY 500 1000
ANAT AMER NATL INS CO 500 1000
ANCOW ANACOMP INC WTS 500 200
ANDR ANDERSEN GROUP INC 1000 500
ANSR ANSWERTHINK CONS 200 500
ARDNA ARDEN GROUP CL A 200 500
ARGX ARGUSS HOLDINGS INC 500 1000
ARMHY ARM HLDGS ADS 500 1000
ARSCW ARIS CORP WTS 200 500
ARTW ART S WAY MFG CO I 200 500
ASAM ASAHI/AMERICA INC 500 1000
ASPCE ASPEC TECH INC 500 1000
ASTI ALLERGAN SPEC WI 500 1000
ASYCF ARCHITEL SYST CORP 200 500
ASYM ASYMETRIX LEARNING 200 500
ATGC ATG INC 500 1000
ATPX ADV TEC PROD 500 1000
AXTI AMERICAN XTAL TECH 200 500
AZTC AZTEC TECH PTNRS 200 500
B
BARI BANK RHODE ISLAND 500 1000
BAYB BAY BANCSHARES 500 1000
BBAR BALANCE BAR CO 200 500
BCORY BIACORE INTL AB ADR 500 200
BCSB BCSB BANKCORP 200 500
BCST BROADCAST.COM 200 500
BEBE BEBE STORES INC 200 500
BEERF BIG ROCK BREWERY LTD 500 200
BESIF B E SEMICON ORD SHRS 500 200
BEYE BOLLE INC 500 1000
BHAG B H A GP HLDGS 1000 500
BIORY BIORA AB ADR 1000 500
BKCT BANCORP CONN INC 1000 500
BKUNZ BANKUNITED CAP II 500 1000
BLCA BOREL BK & TR (CA) 500 200
BNBC BROAD NATL BNCP 1000 500
BNCM BNC MORTGAGE INC 500 1000
BNSC BANK OF SANTA CLAR 500 200
BOGN BOGEN COMMUN INT 200 500
BOGNW BOGEN COMMUN WT 200 500
BOKF B O K FINL CP 500 1000
BORAY BORAL LTD ADS 200 500
BOYD BOYD BROS TRANS IN 500 1000
BPAO BALDWIN PIANO ORGA 1000 500
BPFH BOSTON PVT FIN 500 1000
BRCM BROADCOM CORP CL A 500 1000
BRGP BUSINESS RESOURCE 500 1000
BRID BRIDGFORD FOODS CP 500 1000
BRKL BROOKLINE BANCORP 500 1000
BRYO BRIO TECHNOLOGY 500 1000
BTBTY B T SHIP SPONSOR ADR 200 500
BTSR BRIGHTSTAR INFO 500 1000
BUCK BUCKHEAD AMERICA C 1000 500
BVEW BINDVIEW DEV CORP 200 500
BWCF BWC FINANCIAL CORP 200 500
BYND SOFTWARE.NET CP 200 500
C
CANI CARREKER-ANTINORI 200 500
CASA CASA OLE' RESTRS I 500 1000
CAVB CAVALRY BANCORP 500 1000
CBBI C B BANCSHARES 500 1000
CBCI CALUMET BANCORP IN 500 1000
CBMD COLUMBIA BANCORP M 500 1000
CBNY COMMERCIAL BK OF N 1000 500
CBRNB CANANDAIGUA BRANDS 500 200
CCBG CAPITAL CITY BANK 500 1000
CCBN CENTRAL COAST BCP 200 500
CCHE CLINICHEM A 200 500
CCHM COMBICHEM INC 500 1000
CCPRZ COAST FED LIT CPR 500 1000
CDIR CONCEPTS DIRECT IN 1000 500
CEBK CENTRAL CO OP BANK 500 1000
CERB C E R B C O INC 500 1000
CFBC COMMUNITY FIRST BN 500 1000
CFIC COMMUNITY FIN CP 1000 500
CFKY COLUMBIA FIN KY 500 1000
CGII CUNNINGHAM GRAPHIC 500 1000
CHANF CHANDLER INS CO LTD 500 1000
CHAS CHASTAIN CAP CORP 500 1000
CHKE CHEROKEE INC 500 1000
CIBN CALIFORNIA IND BNC 500 200
CITC CITADEL COMMUN CP 200 500
CITZ CFS BANCORP INC 200 500
CLBR CALIBER LEARN NTWK 500 1000
CLEC US L E C CP 500 1000
CLRS CLARUS CORPORATION 200 500
CLTDF COMPUTALOG LTD 200 500
CLTX COLLATERAL THERAP 200 500
CMIV IVI CHECKMATE CORP 200 500
CMLS CUMULUS MEDIA INC 200 500
CMND COMMAND SYSTEMS 500 1000
CMPS COMPASS INTL SVCS 500 1000
CMTO COM21 INC 200 500
CNAF COMMERCIAL NATL FI 500 200
CNBA CHESTER BANCORP IN 500 1000
CNBF C N B FINANCIAL CP 500 1000
CNBKP CENTURY BCP CAP TR 200 500
CNDSP CELLNET FNDG PFD 500 1000
CNRD CONRAD INDS INC 200 500
CNTBY CANTAB PHARM 500 200
COBZ COLORADO BUS BCSHS 200 500
COLM COLUMBIA SPRTSWR 500 1000
COLTY C O L T TELECOM AD 500 1000
COOL CYBERIAN OUTPOST 200 500
CRAI CHARLES RIVER 500 1000
CRDT CREDITRUST CORP 200 500
CRGN CURAGEN CORP 500 1000
CRHCY C R H PLC ADR 200 500
CRSB CRUSADER HLDG CORP 1000 500
CSCQW CORRECTIONAL SVCS 1000 500
CSON COHESION TECHS 200 500
CSTL CASTELLE 1000 500
CTSH COGNIZANT TECH SOL 200 500
CTWS CONN WATER SVCS IN 500 1000
CULS COST-U-LESS INC 200 500
CVBK CENTRAL VA BKSHS I 200 500
CVOL COVOL TECHS INC 500 1000
CWCOF CAYMAN WATER ORD 1000 500
CWLZ COWLITZ BANCORPN 500 1000
D
DACG DA CONSULTING GRP 500 1000
DCBI DELPHOS CITIZENS B 500 1000
DCBK DESERT COMMUNITY B 200 500
DCLK DOUBLECLICK INC 500 1000
DCPI DICK CLARK PROD IN 500 200
DCRNW DIACRIN INC WT 500 1000
DECO DECORA INDS 500 1000
DGIC DONEGAL GROUP INC 500 1000
DIIBF DOREL INDS CL B 500 1000
DLVRY CORTECS INTL SPO ADR 1000 500
DNFCP D & N CAP CORP PFD 200 500
DOCC DOCUCORP INTL 500 1000
DOCDF DOCDATA NV 1000 500
DRAI DATA RESEARCH ASSO 1000 500
DRIV DIGITAL RIVER INC 200 500
DROV DROVERS BANCSHARES 200 500
DRRAP DURA AUTO CAP TR 500 1000
DXCPO DYNEX CAPITAL PFD B 1000 500
E
EBSC ELDER-BEERMAN ST 500 1000
ECLP ECLIPSYS CORP 200 500
EDCO EDISON CONTROL CP 500 200
EDEL EDELBROCK CP 1000 500
EDIN EDUCATIONAL INSIGH 500 1000
EFBI ENTERPRISE FED BNC 500 1000
ELBO ELECTRONICS BOUT 200 500
ELON ECHELON CORP 200 500
EMCC EUROPEAN MICRO HLD 200 500
ENBRF ENBRIDGE INC 200 500
ENGEF ENGEL GNRL DEV SE 1000 500
ENGSY ENERGIS ADS 1000 500
ENSR ENSTAR INC 500 1000
ERTH EARTHSHELL CORP 500 1000
ETRC EQUITRAC CP 500 1000
EVOL EVOLVING SYSTEMS 500 1000
EXDS EXODUS COMMUN 500 1000
F
FACT FIRST ALBANY COS I 1000 500
FBCI FIDELITY BANCORP D 500 1000
FCFCO FIRSTCITY SPCL PFD 200 500
FCIN FLOUR CITY INTL 200 500
FCNB F C N B CP 500 1000
FCNBP FCNB CAP TR PFD 200 500
FFES FIRST FED S L E.HT 1000 500
FFFLP FIDELITY CAP TR I 1000 500
FFIN FIRST FINL BKSHS I 1000 500
FFKY FIRST FED FIN KENT 500 200
FFLC FFLC BNCP INC 500 1000
FFOH FIDELITY FIN OF OH 500 1000
FGHC FIRST GEORG HLDGS 500 1000
FKAN FIRST KANSAS FIN 200 500
FLAG F L A G FINANCIAL 1000 500
FLBK FLORIDA BANKS INC 200 500
FLGSP FLAGSTAR CAP PFD A 500 1000
FLYAF C H C HELICO CL A 200 500
FLYR NAVIGANT INTL INC 200 500
FMARP MARINER CAP TR PFD 200 500
FMCO F M S FINANCIAL CP 500 1000
FNBN F N B CORPORATION 500 200
FNDTF FUNDTECH LTD 500 1000
FOBBA FIRST OAK BROOK CL A 500 1000
FREEY FREEPAGES GR PLC ADR 500 200
FRPP F R P PROPERTIES I 500 200
FSTH FIRST SO BCSHS INC 200 500
FSVBP FRANKLIN FIN PD A 500 1000
FTBK FRONTIER FIN CORP 500 1000
FTCG FIRST COLONIAL GP 500 200
FTFN FIRST FIN CP (RI) 500 200
FUNC FIRST UNITED CORP 500 1000
FVCX FVC.COM INN 500 1000
G
GABC GERMAN AMER BANCOR 200 500
GBBKP GBB CAP I CUM TR PFD 200 500
GBLX GLOBAL CROSSING 200 500
GBNK GASTON FED BANCP 500 1000
GCLI GRAND COURT LIFE 500 1000
GCTY GEOCITIES 200 500
GEND GENESIS DIRECT INC 500 1000
GIGX GIGA INFO GROUP 200 500
GISX GLOBAL IMAGING SYS 200 500
GLDBP GBCI CAP TR PFD 500 200
GNET GO2NET INC 500 1000
GNSSF GENESIS MICROCHIP 500 1000
GNTY GUARANTY BANCSHARE 200 500
GSBNZ GOLDEN LIT WTS 500 1000
GSOF GROUP 1 SOFTWR 500 1000
GSTX GST TELECOMMUN INC 500 1000
GTAX GILMAN & CIOCIA INC 500 1000
GTPS GREAT AMER BNCP IN 500 1000
GWBK GULF WEST BANKS 500 1000
H
HABC HABERSHAM BANCORP 500 200
HACHA HACH COMPANY CL A 1000 500
HAMP HAMPSHIRE GROUP LT 500 200
HAST HASTINGS ENT INC 200 500
HAUP HAUPPAUGE DIGITAL 500 1000
HBSC HERITAGE BNCP (DE) 500 1000
HCAR HOMETOWN AUTO CL A 200 500
HCOW HORIZON ORGANIC HD 200 500
HDVS H. D. VEST INC 1000 500
HDWY HEADWAY CORPORATE 500 1000
HERBL DECS TRUST III 500 1000
HFBC HOPFED BANCORP INC 1000 500
HFGI HARRINGTON FIN GRP 500 1000
HIFS HINGHAM INSTI SAVI 200 500
HKID HAPPY KIDS INC 500 1000
HNBC HARLEYSVILLE NATL 1000 500
HOFF HORIZON OFFSHORE 500 1000
HOLO HOLOPAK TECHS INC 1000 500
HORT HINES HORTICULTURE 200 500
HPBC HOME PORT BNCP INC 500 1000
HPSC H P S C INC 500 1000
HRBT HUDSON RVR BNCP 200 500
HTBK HERITAGE COMMERCE 200 500
HTCO HICKORY TECH CP 500 1000
HYBRE HYBRID NETWORKS 1000 500
HYPT HYPERION TELECOMM 500 1000
I
IAABY INDIGO AVIATIO ADS 500 1000
IBOC INTL BANCSHS CP 500 1000
ICBC INDEPENDENCE COMM 500 1000
ICLRY ICON PLC ADS 500 1000
ICOGF ICO GLOBAL COMM 200 500
ICUB INTL INTEGRATION 200 500
IDEA INNOVASIVE DEVICES 500 1000
IDGB IDG BOOKS WRLDWIDE 200 500
IFCI INTL FIBERCOM INC 500 1000
IGPFF IMPERIAL GINSENG PRO 500 1000
IHIIZ INDUSTRIAL HLDG WT 500 200
IMGK INTERACTIVE MAGIC 200 500
INDYY INDEP ENERGY ADS 200 500
INKT INKTOMI CORP 200 500
INOC INNOTRAC CORP 500 1000
INTT INTEST CORPORATION 500 1000
IPLY INTERPLAY ENT CORP 200 500
IROQ IROQUOIS BNCP 1000 500
ISKO ISCO INC 1000 500
ISNR INTEGRATED SENS SL 500 1000
ISSX I S S GROUP INC 500 1000
ISYS INTEGRAL SYSTEMS INC 500 1000
IUBCP IUB CAP TRUST PFD 1000 500
J
JADEF LJ INTL INC 500 1000
JADWF LJ INTL WTS 4/2002 500 1000
JPSP JPS PACKAGING CO 200 500
JPST JPS TEXTILE GRP 1000 500
JVLN JAVELIN SYS INC 500 1000
K
KASP KASPER ASL LTD 200 500
KAYE KAYE GROUP INC 500 1000
KEQU KEWAUNEE SCIENTIFI 1000 500
KESI KENTUCKY ELEC STEE 1000 500
KLLM K L L M TRANSPORT 500 1000
KTII K TRON INTL INC 1000 500
L
LFBI LITTLE FALLS BNCP 500 1000
LGCB LONG ISLAND COMM 1000 500
LIBB LIBERTY BANCORP 200 500
LIBHA LIBERTY HOMES INC A 500 200
LIHRY LIHIR GOLD LTD ADR 1000 500
LIQB LIQUI BOX CP 1000 500
LJLB LJL BIOSYSTEMS 500 1000
LKFN LAKELAND FINL CP 500 1000
LMIA LMI AEROSPACE INC 200 500
LNDL LINDAL CEDAR HOMES 1000 500
LSBI LSB FINANCIAL CP 200 500
LVLT LEVEL 3 COMM INC 500 1000
M
MAGR MASTER GRAPICS INC 200 500
MANH MANHATTAN ASSOC 500 1000
MARN MARION CAP HLDGS I 1000 500
MAXC MAXCO INC 1000 500
MBBC MONTEREY BAY BANCO 500 1000
MBHI MIDWEST BANC HLDG 500 1000
MBIA MERCHANTS BNCP IL 500 1000
MBNK MAIN STREET BNCP 500 1000
MDST MID-STATE BCSH 200 500
MERB MERRILL MERCHANT 200 500
METF METROPOLITAN FIN C 1000 500
METFP METROPOLITAN CAP 500 1000
MFBC M F B CORP 200 500
MFRI M F R I INC 1000 500
MGCX MGC COMMUN INC 500 1000
MHCO MOORE HANDLEY INC 1000 500
MIGI MERIDIAN INS GP IN 1000 500
MIPS MIPS TECHS INC 200 500
MNES MINE SAFETY APPLS 1000 500
MNOC MONOCACY BANCSHARE 200 500
MOBI MOBIUS MGMT SYST 500 1000
MOTR MOTOR CLUB OF AMER 1000 500
MRET MERIT HOLDING CP 500 1000
MSPG MINDSPRING ENTER I 500 1000
MSTR MICROSTRATEGY INC 200 500
MTLX MARINE TRANSPORT 200 500
MUEL MUELLER PAUL CO 200 500
MVII MARK VII INC 500 1000
MXTR MAXTOR CORP 200 500
N
NADX NATL DENTEX CP 1000 500
NBAK NATL BNCP ALASKA 500 1000
NBCP NIAGARA BANCORP 500 1000
NCBH NORTH COUNTY BANCO 1000 500
NEIB NORTHEAST IND BNCP 500 1000
NETG NETGRAVITY INC 200 500
NGEN NANOGEN INC 500 1000
NHCH NEWMARK HOMES CORP 500 1000
NHHC NATL HOME HLTH CAR 500 1000
NITE KNIGHT/TRIMARK GR 200 500
NSBC NEWSOUTH BANCORP I 500 1000
NSCF NORTHSTAR COMPUTER 1000 500
NSDB N S D BANCORP INC 500 200
NTOL NATROL INC 200 500
NUTR NUTRACEUTICAL INTL 500 1000
NWFL NORWOOD FIN CORP 500 200
O
OAKF OAK HILL FIN INC 500 1000
ODFL OLD DOMINION FREIG 500 1000
OKSB SOUTHWEST BNCP INC 500 1000
OLCWF OLICOM A/S WTS 1000 500
OLGR OILGEAR CO 500 200
OTRX O T R EXPRESS INC 1000 500
OWWI OMEGA WORLDWIDE 500 1000
P
PABN PACIFIC CAP BNCP 500 1000
PACK GIBRALTAR PKG GP I 500 1000
PAZZF PACALTA RES LTD 200 500
PBOC PBOC HOLDINGS INC 500 1000
PCCC PC CONNECTION INC 500 1000
PCCIP PCC CAPITAL I PFD 500 200
PDII PROF DETAILING INC 200 500
PEBK PEOPLES BANK 500 200
PGEOF PARADIGM GEOPHYS 200 500
PHFCP PITT HOME CAP TR 500 200
PHLYZ PHIL CONS IN PRIDE 500 1000
PILT PILOT NETWORK SVC 200 500
PLFC PULASKI FURNITURE 1000 500
PLSIA PREMIER LASER SY 1000 500
PMFG PEERLESS MFG CO 500 1000
PNBC PRINCETON NATL BNC 1000 500
PNBF PNB FINCL GROUP 200 500
PNTE POINTE FINCL CORP 200 500
POSIF POINT OF SALE LTD 200 500
POVT PROVANT INC 500 1000
PPCCP PEOPLE'S PFD CAP C 1000 500
PPCO PENWEST PHARM 200 500
PRTW PRINTWARE INC 500 1000
PSBI PSB BANCORP INC 200 500
PTRN PHOTRAN CORP 500 1000
PULS PULSE BANCORP INC 500 1000
PWCC POINT WEST CAP CP 1000 500
R
RARB RARITAN BANCORP IN 200 500
RBCAA REPUBLIC BCP CL A 200 500
RBOW RAINBOW RENTALS 200 500
RCBK RICHMOND COUNTY 500 1000
RCCK ROCK FINANCIAL CP 500 1000
RDGE READING ENT INC 1000 500
RIGX REALTY INFO GROUP 200 500
RINO BLUE RHINO CORP 200 500
RLCO REALCO INC 200 500
RSTO RESTORATION HARDWR 200 500
RWKS RAILWORKS CORP 200 500
S
SAVB SAVANNAH BNCP INC 200 500
SBGIP SINCLAIR BRD PFD SE 500 1000
SBIBP STERLING CAP TR PF 500 200
SCCX SCC COMMUNICATIONS 200 500
SCHR SCHERER HEALTHCARE 1000 500
SCNYA SAUCONY INC 500 1000
SCOT SCOTT AND STRINGF 500 1000
SCSAY STOLT COMEX ADS 200 500
SENEB SENECA FOODS CP B 200 500
SFED S F S BANCORP INC 500 1000
SFSW STATE FINL SVCS CL 500 1000
SFXE SFX ENT CL A 500 1000
SHBK SHORE FINANCIAL CORPORATION 200 500
SHOE SHOE PAVILION INC 500 1000
SHPGY SHIRE PHARM 500 1000
SIDE ASSOC MATERIALS 500 1000
SIVBP SVB CAPITAL I PFD 200 500
SJNB S J N B FINANCIAL 1000 500
SKYEY SKYEPHARMA PLC 200 500
SLFI STERLING FINL CP 1000 500
SMBC SOUTHERN MO BNCP I 500 1000
SNDS SANDS REGENT THE 500 1000
SNFCA SECURITY NATL FINL A 500 200
SNRS SUNRISE TECHNOLOGIES 200 500
SONO SONOSITE INC 500 1000
SPCH SPORT CHALET INC 1000 500
SPPR SUPERTEL HOSPITALI 1000 500
SRDX SURMODICS INC 500 1000
STHLY STET HELL ADS 200 500
STVI S T V GROUP INC 1000 500
SUBK SUFFOLK BNCP 1000 500
SUBSC MIAMI SUBS CP 500 1000
SUNH SUNDANCE HOMES INC 1000 500
SVBF SVB FIN SVCS INC 200 500
SWMAY SWEDISH MATCH AB ADR 1000 500
SWPA SOUTHWEST NATL CP 500 1000
SWRX SOFTWORKS INC 200 500
SYBBF SYNSORB BIOTCH INC 500 1000
SYNM SYNTROLEUM CORP 200 500
SYPR SYPRIS SOLU 1000 500
T
TBCOL TRIATHALON BD DEP SH 200 500
TBFC TELEBANC FIN CP 200 500
TBFCP TELEBANC CAP TR 200 500
TFSM 24/7 MEDIA INC 200 500
THRD T F FINANCIAL CP 1000 500
THRNY THORN PLC ADR 1000 500
THTL THISTLE GROUP HLDG 200 500
TIWIF TELESYSTEM INTL 200 500
TMSTA THOMASTON MILLS A 500 1000
TONSF NOVAMERICAN STEEL 1000 500
TRGNY TRANSGENE SA ADR 500 1000
TRKA TRAK AUTO CP 200 500
TRNI TRANS INDS INC 500 1000
TSRC TECHNISOURCE INC 200 500
TSSS TRIPLE S PLASTICS 1000 500
TTWO TAKE-TWO INTERACTI 500 1000
TWNE TOWNE SVCS INC 200 500
TWTR TWEETER HOME ENT 200 500
U
UBCD UNIONBANCORP INC 1000 500
UCFC UNITED COMM FIN CP 200 500
UFPT U F P TECH INC 1000 500
UIRT UNITED INVST RLTY 500 1000
ULTI ULTIMATE SOFTWARE 200 500
UMPQ SOUTH UMPQUA BANK 500 1000
UPFC UNITED PANAM FIN 500 1000
URSI UNITED ROAD SVCS 500 1000
UTCC URSUS TELECOM CP 500 1000
UTCIW UNIROYAL TECH CP WTS 500 200
V
VALN VALLEN CP 1000 500
VALU VALUE LINE INC 1000 500
VBNJ VISTA BANCORP INC 500 1000
VDRY VACU DRY CO 500 200
VENT VENTURIAN CP 1000 500
VIAX VIAGRAFIX CORP 500 1000
VINT GOLDEN ST VINT B 200 500
VITX VI TECHNOLOGIES 200 500
VLGEA VILLAGE SUPER MKT A 500 1000
VNGI VALLEY NATL GASES 500 1000
VRIO VERIO INC 500 1000
VSEC V S E CP 500 200
VSLF SEMELE GROUP 1000 500
VTRAO VBC CAPITAL I CAP 200 500
W
WBCO WASHINGTON BKG CO 200 500
WCBI WESTCO BANCORP 500 1000
WCNX WASTE CONNECTIONS 200 500
WMSI WILLIAMS INDS INC 500 1000
WORK WORKFLOW MGMT INC 200 500
WREI WILSHIRE R E INV 500 1000
WVFC W V S FINANCIAL CP 500 1000
X
XTND EXTENDED SYSTEMS #1 500 1000