ECN Takes Unusual Road
Traders Magazine, March 2001
Richard Schenkman is chief executive officer of the BRUT ECN. He was previously chief operating officer at Instinet and spent 15 years there before joining the broker-friendly' electronic communications network in May 2000.
BRUT is owned by systems vendor SunGard and 29 broker dealers including Morgan Stanley, Goldman Sachs, Merrill Lynch, Salomon Smith Barney and Bear Stearns. Best known for facilitating inter-dealer Nasdaq trading, BRUT in the last six months, has stepped up its courtship of the buyside.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.