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ContinuedThe Proxy Department has the responsibility of sending out annual reports to stockholders and handles the voting by proxiesthat shareholders are granted when owningstock in a company. In yet aiioiiier department, securities can be moved from one account to another.Lynch sees these operations as expandingover time with the growth of the company,and predicts that the current 400 employeeswill also increase. The lease in the newPierrepont Office buildings allows for suchan expansion and the new location, he says,offers the best opportunities for the firm.%u201cWe have good transportation, a labor poolfor our expanding business,%u201d he says. %u201cWecould not move there without a pool fromwhich to draw and our employees workinghere already choose the Brooklyn locationin terms of personal preference.%u201dSIA C Puts Stock InA Brooklyn FutureC o n tin u e d fr o m P age 13a day, and the two major stock exchangesagreed to jointly create a computer-basedsupport system to track and record thevolumes.VOLUME UP 1000 PERCENTNow, less than 15 years later, tradingvolumes are up as much as 1,000 percent.Cedar speculates that it is the unique servicesoffered by SIAC coupled with the economythat pushed the stock exchange growth.%u201cThere was a time when they wouldrecord the numbers on a blackboard,\says, adding that new programs must becontinually developed or streamlined to addto that growth. %u201cSIAC continues to assist inthe long-term needs of the securities industry,%u201d he adds. %u201cWe must continue todevelop, maintain, optomize and enhanceour services.\Some of the programs developed by SIACto enlarge the system include a ContinuousNet Settlement System (CNS) that allowedfor settling trades from a system that provided daily balance order accounting to onethat gave continuous net positions; NationalMarket systems that include consolidatingtape and quote reporting systems; andSECTOR, the Securities Telecommunications Organization (a separate business divsion of SIAC) that develops industryoriented telecommunications services.Cedar, and SIAC president Charles McQuade, are both looking forward to themove to the Brooklyn, although the optomism is guarded. The lease has not yetbeen signed, and the final agreementdepends on a variety of factors, includingeconomics. Even when the business detailsare wrapped up, construction and equipment installation details mean the move istwo years away at the earliest.%u201cAt SIAC we certainly see the viability ofbecoming a part of the commercial districtin Downtown Brookyn,%u201d says Cedar. %u201cAndwe feel that it is an honor to be associatedwith the Polytechnic University (which is asponsor of the Metrotech project) andBrooklyn Union Gas.Cedar gives credit to Borough PresidentHoward Golden and Public DevelopmentCorporation officials Steve Spinola and JimStuckey for making the move to a newBrooklyn home possible and bringing with ita major component of a new area of industry for Brooklyn.Brooklyn,IncThe guest list read like a%u201c who's who%u201d of Brooklyn'sbusiness and civic communityand they even flew in fromaround the country on June 11to honor Eugene H. Luntey,who recently retired fromBrooklyn Union Gas Com panyafter 38 years, the past 11 aschief executive officer.Borough President HowardGolden presented Luntey witha citation honoring his serviceand a fireboat %u201c performed\the East River opposite theFulton Ferry Park site of theevent to an appreciative audience that included Mr. andMrs. Luntey. (Photos courtesyBUG)BrooklynBusiness BidsFarewell ToBrooklynUnion ChiefNat West USAWe're m akingbanking betterevery day!Whatever your -banking needs,we have a betteranswer atNatWest USAZ T \\ N atio n alr / l f W e s tm in s te r\\SfZ J B ank USAOver 150 Offices throughout Long Islaj J,New York City and WestchesterA member of the National Westrr, nste Bank GroupMember FD1C(718) 643-2770B R O O K LY N ,IN C & TH E P H O E N IXNamed No. One In New York State For Coverage of Business News by the N.Y. State Press AssociationFinally, an MBA Forworking ManagersIf you are a successful manager, but lack a graduate business degree, Long Island University%u2019s new MBA Program has been designed with you in mind. Consider these advantages:Flexibility You can attend part-time%u2014evenings, weekends and in special intensified short-term courses especially scheduled for working managers.Convenience Attend any of the six LIU campuses at Brooklyn, C.W. Post, Brentwood, Southampton, Westchester or Rockland. You can even take courses toward the same degree at 2 or more sites.Prestige Your MBA will come from the nation%u2019s ninth largest independent university, taught by a business faculty selected for on-site programs at such major corporations as Avis, MCI, Harris, General Instruments, Hazeltine and GEICO.Consideration Years from college and squeamish about taking tests before your first class? At LIU, GMAT requirements can be waived for MBA candidates with managerial experience.Professional Advisement Come to any of ourcampuses for a personal interview to determine if our program fits your needs. Then, if you attend, our career guidance professionals can help you decide how to put your MBA to good use.MBA PROGRAM FOR WORKING MANAGERSIIIII!MBA Program for Working ManagersLong Island University/University PlazaBrooklyn, N.Y. 11201Yes, I want to know more about the new MBA at the LIUcampus at:%u25a1 Brooklyn %u25a1 C.W. Post %u25a1 Brentwood%u25a1 Southampton %u25a1 Westchester %u25a1 Rockland! NameI Addressi City /State /Zipcall I Home Phone Bus. Phone(718)403-1011 jor return the .coupon for %u25a0more details. II the university%u00bb J * i h J o f lim e IslandB16/19/86June 26, 1986, The Phoenix/Brooklyn.lnc Section Two, Page 17