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Datek's Island: New Competition For Big Board Specialists?

Traders Magazine, December 1998

J.L.W. with staff reports

The Securities and Exchange Commission's new rules for the regulation of alternative trading systems (ATSs) stirred a swift move by Datek Online Holdings, the upstart Internet discount-brokerage outfit.

The firm, which is run as a broker dealer, said it is seeking permission from the SEC to turn Datek's Island electronic communications network into a self-regulated stock exchange.

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