Subject: NAqcess
Date: Wed, 24 Jul 1996 18:08:11 -0700
From: Henrik Wahlberg <henrik.wahlberg@soster.hki.hki.elisa.fi> 
     
Dear Sirs

I would appreciate if the SEC could adopt the NAqcess system because it 
will be a more swift way to sell or buy and to determine the price in 
advance. The system should include a possibility to call off the offer if 
the trade has not yet occured. 

The stock-brokers' fees are now unreasonable for individuals with small 
trades. I hope that the NAqcess system will lead to lower fees.
I hope that it will be possible in the future for for individuals to 
place stock ordres over the internet directy themselves, without 
stockbrokers as the middleman? It sounds quite easy, all you need is a 
formula on the screen with a sell or buy box, the ticker symbol, the 
number of stocks and the price limit as an options. Of course you need 
maximum security when you transfer data, a more than maximum secure 
database as a REGISTER that confirms stock ownership and an individual 
online balance sheet - but this does not sound to difficult today. You 
need also a system for credibilty - either a "virtual cash account" or a 
credit system. I guess that the major credit companies would be happy to 
decide about the terms for investment credits to individuals and to 
provide them with the passwords needed as a prerequistet to enter the 
"virtual Nadaq market".

Sincerely yours
Henrik T. Wahlberg MD
Helsinki City
Itaranta 1a, 02110 Esbo, Finland