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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: David Torpey who wrote (3620)8/25/1999 1:27:00 AM
From: blankmind  Read Replies (1) of 10027
 
thank you for the mer/nite article. i believe this helps to explain why the first call estimate was high, going into a seasonally weak trading q. although market share of trading remained stagnant, nite may have expected the deal with mer to close sooner and realize the cost savings to help earnings. ooops, the deal and setup appears to have taken longer than nite may have planned.
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