PPIN Quietly Collects, Disseminates Private Placement Market Information

THIS WEEK'S LEAD STORIES

This spring, the National Association of Securities Dealers' (NASD) trading system for private placements, Portal, introduced electronic trading to the previously cosy, $165 billion private placement market (TST, June 18). The American Stock Exchange responded with a proposal for a rival system, while the New York Stock Exchange is believed to be considering the same.

Each had its eyes on the potential of the previously hidden private placement market. But all along, Private Placement Inform