NASDAQ National Market System Grows to 2,385 Securities With 25 Voluntary Additions on June 3, 1986
TO: All NASD Members and Level 2 and Level 3 Subscribers
On Tuesday, June 3, 1986, 25 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,385. These 25 issues, which will begin trading under real-time trade reporting, are entering NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary designation.
The 25 issues scheduled to join NASDAQ/NMS on Tuesday, June 3, 1986, are:
|
Symbol* |
Company |
Location |
|
AWCSA |
AW Computer Systems, Inc. (Cl A) |
Mt. Laurel, NJ |
|
AAMD |
American MedCenters, Inc. |
Minneapolis, MN |
|
BLCCB** |
Balchem Corporation (Cl B) |
Slate Hill, NY |
|
BULR |
Buehler International, Inc. |
Lake Bluff, IL |
|
CAYB |
Cayuga Savings Bank |
Auburn, NY |
|
CHOL |
Central Holding Company |
Mt. Clemens, MI |
|
CTWL |
Chartwell Group Ltd. |
Carlstadt, NJ |
|
CBNH |
Community Bankshares, Inc. |
Concord, NH |
|
DYTR |
Dyatron Corporation |
Birmingham, AL |
|
FARA |
Faradyne Electronics Corp. |
Belleville, NJ |
|
GNDR |
Gander Mountain, Inc. |
Wilmot, WI |
|
IRIN |
International Robomation/Intelligenee |
Carlsbad, CA |
|
JNBK |
Jefferson National Bank |
Watertown, NY |
|
MALTZ |
Management Assistance Inc. Liquidating Trust |
New York, NY |
|
MSBK |
Medford Savings Bank |
Medford, MA |
|
NMSB |
New Milford Savings Bank |
New Milford, CT |
|
OCCN |
Occidental Nebraska Federal Savings Bank |
Omaha, NE |
|
RGEN |
Repligen Corporation |
Cambridge, MA |
|
SAVO |
Savoy Industries, Inc. |
New York, NY |
|
TECD |
Tech Data Corporation |
Clearwater, FL |
|
TCJC |
Town & Country Jewelry Manufacturing Corporation |
Chelsea, MA |
|
UVOL |
Universal Voltronics Corporation |
Mt. Kisco, NY |
|
VMIG |
View-Master Ideal Group, Inc. |
Beaverton, OR |
|
WSBK |
Western Bank |
Coos Bay, OR |
|
WBAT |
Westport Bancorp, Inc. |
Westport, CT |
The following issues may be included in NASDAQ/NMS prior to the next regularly scheduled phase-in date:
Pending Additions
|
Symbol* |
Company |
Location |
|
ALLS |
Allison's Place, Inc. |
Los Angeles, CA |
|
JBAK |
Baker (J.), Inc. |
Readville, MA |
|
CYPR |
Cypress Semiconductor Corporation |
San Jose, CA |
|
INFTA |
Infinity Broadcast Corporation (Cl A) |
New York, NY |
|
KECO |
Kent Electronics Corporation |
Houston, TX |
|
LSSB |
Lake Sunapee Savings Bank |
Newport, NH |
|
MTIK |
Modular Technology, Inc. |
Chicago, IL |
|
PCEP |
Perception Technology Corporation |
Canton, MA |
|
SKAN |
Skaneateles Savings Bank |
Skaneateles, NY |
|
SKYW |
Skywest, Inc. |
St. George, UT |
|
TOWR |
Tower Savings and Loan Association |
South Bend, IN |
|
WERN |
Werner Enterprises, Inc. |
Omaha, NE |
|
WOWI |
Worlds of Wonder, Inc. |
Fremont, CA |
NASDAQ/NMS Interim Additions
|
Symbol* |
Company |
Date of Entry |
|
GTOS |
Gantos, Inc. |
5/13/86 |
|
FSAM |
First American Savings, F.A. |
5/14/86 |
|
STRL |
Sterling, Inc. |
5/14/86 |
|
GENI |
Genetics Institute, Inc. |
5/20/86 |
|
BRDL |
Brendle's Incorporated |
5/21/86 |
|
CRTR |
Charter-Crellin, Inc. |
5/21/86 |
|
PROS |
Prospect Group, Inc. (The) |
5/21/86 |
The following changes to the list of NASDAQ/NMS securities occurred since May 9, 1986:
NASDAQ/NMS Symbol* and/or Name Changes
|
New/Old Symbol* |
New/Old Security |
Date of Change |
|
INVG/INVG |
INVG Mortgage Securities Corporation/Investors GNMA Mortgage-Backed Securities Trust, Inc. |
5/13/86 |
|
JWAT/JWAT |
JWP, Inc./Jamaica Water Properties, Inc. |
5/13/86 |
|
LSST/LSST |
Lone Star Technologies, Inc./Lone Star Steel Company |
5/15/86 |
|
NOAX/NOAX |
NEOAX, Inc./Northeast Ohio Axle, Inc. |
5/20/86 |
|
VIPLF/VIPLF |
Vulcan Packaging, Inc./Vulcan Industrial Packaging, Ltd. |
5/22/86 |
|
TTCO/TTCO |
Trustcorp, Inc./Toledo Trustcorp, Inc. |
5/23/86 |
|
TTCOP/TTCOP |
Trustcorp, Inc. (Pfd)/Toledo Trustcorp, Inc. (Pfd) |
5/23/86 |
NASDAQ/NMS Deletions
|
Symbol* |
Security |
Date |
|
VOIT |
Voit Corporation |
5/09/86 |
|
FTNC |
First National Corporation of Ohio |
5/13/86 |
|
HISI |
Health Information Systems, Inc. |
5/13/86 |
|
VANS |
Van Schaak & Co. |
5/14/86 |
|
EMCC |
Emett & Chandler Companies, Inc. |
5/16/86 |
|
ATCC |
American Technical Ceramics Corporation |
5/19/86 |
|
EXPDW |
Expeditors International of Washington Inc. (Wts) |
5/19/86 |
|
TMPO |
Tempo Enterprises, Inc. |
5/19/86 |
|
CTYFP |
CityFed Financial Corporation (Pfd) |
5/20/86 |
|
ORSI |
ORS Automation, Inc. |
5/22/86 |
|
GBCO |
Gulf Broadcast Company |
5/23/86 |
Any questions regarding this notice should be directed to Kit Milholland, Senior Analyst, NASDAQ Operations, at (202) 728-8281. Questions pertaining to trade reporting rules should be directed to Sharon Belanger, NASD Market Surveillance, at (202) 728-8206.
Sincerely,
Gordon S. Macklin
President
National Association of Securities Dealers, Inc.
1735 K Street N.W.
Washington, D.C. 20006
(202) 728-8000
May 28, 1986
IMPORTANT
TO: Selected NASD Members
RE: "Signasure" Guarantee Program
RESPONSE REQUESTED BY JUNE 15, 1986.
For the past two years, a committee composed of representatives from banks, trust companies, savings and loans, credit unions, the securities industry and stock transfer agents has been working to develop a new program, called "Signasure," to be used in connection with the transfer of registered securities.
"Signasure" would require the formation of a corporation to operate the program, which would permit a broad range of firms offering financial services and products to guarantee signatures on securities certificates and stock powers ("stocks"). It would replace the current method which permits only certain approved financial institutions to guarantee signatures on stocks by filing the signatures of authorized individuals with transfer agents.
The Signasure program would consist of two elements:
The procedure would utilize a coded label or stamp to be affixed to a stock which would be overprinted with the guarantor's name stamp. The label, produced by the American Bank Note Company, would contain various state-of-the-art security features, such as latent images and black-on-black bar codes, to prevent counterfeiting. The label would be readable only with an electronic instrument in the possession of the transfer agent.
The costs of the equipment, the surety bond and the operation of the program would be met by participants purchasing the labels at a unit cost per label, with a minimum annual fee that would purchase up to 5,000 labels. Participants purchasing more than 5,000 labels per annum would be charged a decreasing unit cost. A theoretical projection of a cost schedule prepared by the Consultant on the assumption that there will be maximum participation is attached. The final cost to a participant would thus depend upon how many participants there are and how many signatures are guaranteed by each participant annually.
The Consultant for the Signasure program and the staff of the SEC's Division of Market Regulation, recognizing that the cost to participants is crucial in deciding whether the program can proceed, have asked interested organizations to supply information about expected participation in the program and the annual number of signature guarantees that may be processed.
Please let me know whether your firm would be interested in participating in such a program and approximately how many signature guarantees your firm would process annually if the program is adopted. Enclosed is a form for this purpose and a return envelope. Completed forms must be received no later than June 15, 1986, in order to be included in our report to the Signasure Group and the SEC. Without an accurate assessment of member interest, this program will not be able to go forward.
Should you have any questions concerning this notice, please contact me at (202) 728-8328.
Sincerely,
A. John Taylor
Vice President
Investment Companies/Variable Contracts
Attachments
SIGNASURE SERVICES CORPORATION
TRANSACTIONS ANALYSIS & PROJECTION SCHEDULE
|
#1 |
#2 |
#3 |
#4 |
#5 |
#6 |
#7 |
|
GUARANTOR |
TOTAL |
TOTAL LOCATIONS |
AVG. NO. BRANCHES |
AVG. TR'S/DAY YR/LOCATION |
TOTAL TR’S/YR GUARANTOR |
TOTAL TR'S CATEGORY |
|
SM.BANKS |
10,000 |
30,000 |
3 |
1 x 250 = 250 |
750 |
7,500,000 |
|
LG. BANKS |
300 |
6,000 |
20 |
2 x 250 = 750 |
15,000 |
4,500,000 |
|
SM. SIA'S |
450 |
2,250 |
5 |
3 x 250 = 750 |
3,750 |
1,687,500 |
|
LG. SIA'S |
50 |
6,000 |
120 |
5 x 250 = 1,250 |
150,000 |
7,500,000 |
|
SM. NASD |
600 |
1,800 |
3 |
1 x 250 = 250 |
750 |
450,000 |
|
LG. NASD |
100 |
1,000 |
10 |
3 x 250 = 750 |
7,500 |
750,000 |
|
SM. USLI |
3,600 |
10,000 |
3 |
1 x 250 = 250 |
750 |
2,700,000 |
|
LG. USLI |
300 |
3,000 |
10 |
3 x 250 = 750 |
7,500 |
2,225,000 |
|
SM. OTHERS |
1,000 |
1,500 |
1.5 |
1 x 250 = 250 |
375 |
375,000 |
|
LG. OTHERS |
100 |
300 |
3 |
3 x 250 = 750 |
2,250 |
225,000 |
|
TOTALS |
16,500 |
62,500 |
27,912,500 |
|||
|
SAY 28,000,000 |
||||||
|
CUNA |
20,000 |
20,000 |
1 |
100/Location/Yr. |
100 |
1,500,000 |
FORMULA: Column 4 x 5 = #6
Column 2 x 6 = #7
Compiled by the Consultant.
SIGNASURE SERVICES CORPORATION
STAMP PRICES
|
QUANTITY LEVELS |
RATE |
COST $ AMOUNT |
CUM. $ TOTAL |
CUM. LEVELS |
|
First 5,000 |
@ 20¢ |
$ 1,000 |
$ 1,000 |
5,000 |
|
Next 45,000 |
15¢ |
6,750 |
7,750 |
50,000 |
|
Next 100,000 |
10¢ |
10,000 |
17,750 |
150,000 |
|
Next 150,000 (and over) |
5¢ |
7,500 |
25,250 |
300,000 |
Compiled by the Consultant.
* NASDAQ symbols are proprietary to the National Association of Securities Dealers, Inc.
** This issue is scheduled to commence trading in the NASDAQ System concurrent with its designation as a NASDAQ/NMS security on June 3, 1986.