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Broker Group Readies Another Dark Pool Launch

Traders Magazine, October 2006

Peter Chapman

Make room for another alternative trading system. A group of five major Wall Street firms is launching a "dark pool" called Level ATS that will take its place among a growing roster of similar crossing mechanisms. Citigroup, Credit Suisse, Merrill Lynch, Lehman Brothers and Fidelity Investments have formed a limited partnership called EBX that will own and operate Level ATS.

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