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Free Net Stock Trades Fatten Market Makers

Traders Magazine, July 2000

Sanford Wexler

Some of Nasdaq's largest market makers are reaping gains from the latest twist in cut-throat online retail brokerage - Internet stock trades executed for no commissions.

Knight Trading Group and Schwab Capital Markets, for instance, are executing stock orders for customers of The Financial Cafe.Com, confirmed Frank J. Mansour, president of the San Francisco-based firm, one of the new breed of online broker dealers waiving commissions.

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