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Island and Feds Working It Out

Traders Magazine, December 2000

Sanford Wexler

Island ECN, which now accounts for 13 percent of Nasdaq trade volume, is confident it will soon become a registered stock exchange.

Now that a group, led by Boston-based private equity firm Bain Capital, has agreed to acquire a majority interest in Datek Online Holdings, regulators are looking more positively upon its application for stock exchange status.

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