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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (7474)	6/10/1999 5:00:00 PM
From: vadim	Respond to of 12617

hey funky!!! you're giving some food for thoughts to our 'well known friend' :) i wonder how much time we have here till J.P. Morgan becomes a 'cheap/useless' company here .. :) good catch. keep us posted!!!! vadim. edit: and American Century too :)

To: funk who wrote (7474)	6/10/1999 5:42:00 PM
From: TFF	Respond to of 12617

Paul Allen's fund invests in Island By Emily Church, CBS MarketWatch Last Update: 5:04 PM ET Jun 10, 1999 Internet stocks MarketWatch's Internet headlines NEW YORK (CBS.MW) -- Microsoft co-founder Paul Allen's venture fund is investing $25 million for a 12 percent stake in Island ECN, a Datek-controlled electronic stock trading platform. The investment -- announced Thursday -- is the second big investment by Allen's Vulcan Ventures into Datek Holdings, one of the largest Internet brokers. In May, the fund joined French businessman Bernard Arnault and Boston's TA Associates investment fund to invest a total of $300 million into Datek's online brokerage in exchange for a minority stake. See full story. Island, a fast-growing ECN, has filed to become a stock exchange. Analysts say the ECN is prepping to become "transaction engine" for financial products, likely beyond stocks. Vulcan's move into Island tracks investment across the e-channel by some of Wall Street biggest players as the firms place bets on where the biggest volume of stocks will be traded.