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To: AugustWest who wrote (2736)7/23/1999 10:31:00 AM
From: Bob Zeleznik  Respond to of 10027
 
So I guess I understand how MM's make money ... how do ECN's make
money if they're just directly crossing orders? Presumably just
through subscription fees (Nasdaq Level II?) of some kind? Which
business model (not trading model) MM or ECN is better?