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

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To: TFF who started this subject	5/25/2004 9:56:10 AM
From: TFF	of 12617

Nasdaq to Buy Brut ECN for $190 Million Tuesday May 25, 9:45 am ET NEW YORK (Reuters) - The Nasdaq Stock Market (OTC BB:NDAQ.OB - News), the No. 2 U.S. stock market by capitalization, said on Tuesday it would acquire automated trading platform Brut ECN from SunGard Data Systems Inc. (NYSE:SDS - News) in a cash deal worth $190 million. In a statement, the Nasdaq said the deal was "intended to enhance Nasdaq's systems by providing Nasdaq with the ability to route orders via an internal broker-dealer to multiple liquidity pools," with an eye toward taking advantage of market structure changes being considered by regulators.

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