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At Deadline

Traders Magazine, January 2002

John A. Byrne

Explicit *Two of the biggest players in the institutional Nasdaq market are now transacting business exclusively with explicit fees. Since January 2, Goldman Sachs said it has ceased trading with its buyside customers on a net basis. Putnam Investments also said it ceased trading with its brokers on a net basis. Goldman charges its customers while Putnam is paying its brokers a per-share fee. That's in addition to the price at which the brokers buy or sell stock.

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