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JAPAN
RTR7TC 
January 11, 2000 
U.S. National Association of Securities Dealers (NASD) Executive Vice President and CIO Gregor Bailar... 
Tokyo, Japan 
NASD EXECUTIVE VP BAILAR SPEAKS TO REPORTERS AS NASDAQ JAPAN CEO SAEKI LISTENS AT TOKYO NEWS CONFERENCE.... 
U.S. National Association of Securities Dealers (NASD) Executive Vice President and CIO Gregor Bailar (L) speaks to reporters as Nasdaq Japan CEO Tatsuyuki Saeki listens at a news conference announcing the establishment of an internet-based trading system for global markets, including Nasdaq Europe and Nasdaq Japan, at a Tokyo hotel January 11. The Nasdaq Stock Market said it has established IndigoMarkets, a joint venture company to be formed with SSI Technologies, a division of Indian software firm SSI Ltd, to provide a state-of-the-art electronic securities market baseed on proven Nasdaq structures.

ES/TAN 
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