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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who started this subject	5/5/2003 6:32:07 PM
From: TFF	of 12617

Instinet Sells off Brokerage Protrader, Maintains GR8Trade Software To Our Valued Customers: On Friday, May 2, 2003 Electronic Trading Group (ETG), LLC signed a letter of intent to acquire the ProTrader Securities broker-dealer from Instinet Corporation. With headquarters in New York City, ETG is a national broker-dealer specializing in direct-access trading and a member of the NASD and SIPC with approximately 300 traders operating from 23 offices nationwide(http://www.etgtrade.com/). A partnership with ProTrader Securities represents significant beneficial opportunities for ETG and ProTrader Securities clients. All ETG customers will soon be trading the markets clearing through Instinet Clearing Services via Instinet's gr8trade software and ProTrader customers will have access to ETG products and services. Detail of the benefits of the partnership agreement between ETG and ProTrader Securities will be communicated as soon as the deal is officially completed. Instinet entered into this agreement in order to strengthen and expand its presence in the direct-access market. Instinet remains firmly committed to developing and supporting the direct-access business via the continued development of gr8trade software and expanding their clearing business market-share. We anticipate very few changes to your trading account and service- you'll still be trading your account using Instinet's gr8trade software and clearing your trades via Instinet's Clearing Services. We expect to complete the transaction within the next few weeks and will provide you with more detail as we move forward. In the meantime, you can learn more about ETG by visiting their website at www.etgtrade.com. As always, thank you for your continuing business. Sincerely, Kimberly Hicks CEO Protrader Securities

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