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Another Stab AtThe Third Market: Madoff's Brave New Trading World

Traders Magazine, August 1999

Peter Chapman

Electronic trading systems have not always been viewed as a market maker's best friend. That could change next year, though, when a pioneer of the third market, Bernard L. Madoff Investment Securities, launches Primex Trading NA.

The new electronic trading system is billed as a superior version of the floor of the New York Stock Exchange - a system that could help the firm maintain its crucial inflow of retail orders.

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