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Regional's Virtual Stock Exchange Plan: Specialist Charles Schwab Operates Out of Remote Office

Traders Magazine, September 2000

Peter Chapman

In a move that high- lights the evolution toward virtual stock markets, blending multiple dealers with central limit order books, a regional exchange is introducing technology that lets specialists make markets away from the floor.

The debut of BEACON REMOTE by the Boston Stock Exchange follows approval by the Securities and Exchange Commission in August, to extend Boston's BEACON trading system for specialists who choose to trade from their offices.

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