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Big Discount Brokers Plan Joint U.K. Shop

Traders Magazine, February 2001

Tom De Martini

A joint market making venture in the U.K. may provide two U.S. discount brokers a new stream of revenue while the rocky U.S. markets remain mired in uncertainty.

Charles Schwab Corp. and TD Waterhouse are paying approximately $132 million (U.S.) to purchase Aitken Campbell & Co. from British mortgage bank Abbey National.

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