Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Herschel Rubin who wrote (3774)	9/2/1999 11:54:00 PM
From: Gary Korn	Read Replies (1) of 10027

Buying Sherwood would help NITE in its path to controlling position in the Nasdaq. Herschel, I don't understand why NITE would want to buy SHWD? If NDB ever elected to stop making markets through SHWD, NITE would simply pick up that market share (as it has picked up market share from MER, GSCO, MSCO, regionals, etc. when they stopped making markets in various securities). Is there something else worth buying? Market making contracts, perhaps? I'm sure NITE wouldn't want the equipment. I vaguely recall hearing somewhere, some time ago, that SHWD actually made a good amount of money for NDB. If that is so (and perhaps it isn't), I gather that SHWD would continue in existence (until put out of business by the ECN monster :)). Gary Korn

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