Latest Battle Keeps Access Fees in Place
Traders Magazine, June 2002
Access fees, branded by many market makers as "unfair," are intact following the settlement of the bulk of an ECN arbitration, attorneys for both sides told Traders Magazine. NexTrade, a Clearwater, Fla. ECN, was dunning some two dozen firms, including Lehman Brothers and Crowell, Weedon & Co., for unpaid access fees, according to some dealers. None of the parties involved would speak for the record, citing the confidentiality requirements of the arbitration hearing.
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