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Industry Watch - A Slimmer Shaw Returns to Basics

Traders Magazine, February 2000

Peter Chapman

DE. Shaw, the once high-flying trading house that slammed into a brick wall during the October 1998 market correction, has bowed out of equity market making.

The exit comes with its recent sale of trading and analytical software to Knight Securities. The sale included certain business information in its institutional trading division. Knight is the Nasdaq arm of the Knight/Trimark Group.

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