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Traders Magazine, November 2002

Editorial Staff

Euro ATS *Targeting small brokerages and private clients, Deutsche Bank has started its own ATS at a time when this kind of business has been having problems in Europe. Despite a bad climate, Deutsche's potential success comes from having the biggest trading firm in European equities. Observers speculate that Deutsche's order flow could be a threat to any alternative trading system. Europe's equities market, observers say, is mutating from a research to a liquidity driven market.

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