Free Site Registration

Broker-Dealer' Friendly Is ECN's Growth Strategy: Automated's BRUT Names Street Partners

Traders Magazine, December 1998

Michael L. O'Reilly

Competing with eight other Securities and Exchange Commission-approved electronic communications networks (ECNs), BRUT has marketed itself as the broker-dealer-friendly ECN.

The strategy seems to have worked. Last month, BRUT announced its partnership with four Wall Street firms, which combined reportedly handle up to 25 percent of Nasdaq's volume: Goldman, Sachs & Co., Knight Securities, Merrill Lynch & Co. and Morgan Stanley, Dean Witter & Co.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?