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Don't Sell Nasdaq, Says Small Long Island Broker

Traders Magazine, March 2000

William Hoffman

The Independent Broker Dealers Association is getting a boost out of the proposed sale of Nasdaq, according to the president of the Long Island, N.Y. based group. "People are joining IBDA because of this [proposed sale]," Alan Davidson said.

IBDA, which represents small broker dealers, is receiving 10 to 12 checks a day by mail from National Association of Securities Dealer firms concerned about the sale of the Nasdaq exchange, according to Davidson.

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