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A Price War Planned By New STRIKE ECN Bear Stearns' ECN is Taking Aim at Rival Systems

Traders Magazine, May 1998

Om Malik with staff reports

As STRIKE, the name on the hottest new electronic communications network (ECN) simply suggests, Bear, Stearns & Co. is planning for war a price war.

STRIKE, the ECN sponsored by Bear Stearns, is going live this summer backed by some of the New York-based firm's Wall Street peers. And millions of dollars and potential profitability are at stake.

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