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Third Market's Block Bonanza: Why the IPO Slump and Merger Activity Are Good For Off-Board Trading

Traders Magazine, March 2001

Peter Chapman

Despite inroads made by electronic systems and the repeal of New York Stock Exchange Rule 390, business is good at the block end of the third market.

"The overall market has helped out," said Peter DaPuzzo, co-president institutional equity trading at Cantor Fitzgerald. "But even last year, when things got a little rough, we did enormously bigger business."

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