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A Brave New World of Fees: How a Common Mission Unites Industry Foes

Traders Magazine, June 2002

Peter Chapman

In a Jersey City conference room earlier this year, representatives from twelve of the Street's biggest institutional brokerages sat down to discuss a mutual problem. It was a rare event and most of the reps weren't enthusiastic about breaking bread with competitors. But the task at hand - building an order management system for fee-based trading of Nasdaq shares - was mission critical for all of them.

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