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Industry Watch: Trading Population Bomb Confounds Some Experts

Traders Magazine, November 1999

Peter Chapman

Is the world of alternative trading systems (ATS) consolidating or expanding?

Some experts thought the long-awaited consolidation phase had started when the BRASS Utility ECN, also known as BRUT, announced it would merge with competitor ECN, STRIKE Technologies. But if they thought their merger would put an end to destructive competition, they were wrong.

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