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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Gutterball who wrote (54)1/19/1999 1:43:00 PM
From: Thu Ra Tin  Respond to of 10027
 
Check out most recent DJ story on Schwab's earnings

Schwab's NASDAQ market maker, Mayer & Schweitzer,
surprised analysts with principal transaction revenues of $100.2
million, up from $74.9 million in 3Q and $64 million a year ago.

"Putnam's Lovell's Smith said that he hadn't expected to see
such extensive gains in principal transactions given the changes
in order handling rules in 1997 that has made it more difficult
for market makers to profit off the spread between bid and ask
price.

The figure bodes well for Nasdaq market maker
Knight/Trimark, Smith said. The group is to report earnings
Wednesday morning. A First Call consensus of seven brokers
puts Knight's earnings at 26 cents a share in the 4Q."