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Small ECN's Next Giant Target Could Bloomberg Tradebook's Indications Tool Hobble Instinet?

Traders Magazine, April 1999

Shailaja Sneelakantan

Bloomberg Tradebook is proudly brandishing its latest tool - a buy-side indications trading tool. Some pros see it as a preemptive strike against so-called sell-side fishing expeditions for buy-side order flow.

For other pros, it means a stunning change in how indications of interest are viewed: no longer a monopolistic opportunity for market makers, but executable orders matched by natural institutional customers directly via Tradebook.

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