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ATS and Broker Dealer Plan for Listed Stocks

Traders Magazine, September 2000

Peter Chapman

NYFIX Millennium L.L.C. is joining with S.G. Cowen Securities to enable regional specialists to quote their markets on the Millennium alternative trading system for listed stocks. The participating specialists will become, in effect, third market dealers.

The deal with the specialists is expected to increase the liquidity of the ATS, according to Dean Stamos, president of the New York-based NYFIX Millennium.

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