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  September 5, 2001
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Home > Company Index > Financial Services > Miscellaneous Financial Services > Brut ECN, L.L.C.

Brut ECN, L.L.C.
 PROFILE
Brut wants to muscle its way into the ECN market. Founded in 1998, Brut ECN (formerly The Brass Utility) offers its BRASS trade-routing software for market makers; it also trades stock as an electronic communications network (ECN). In this capacity Brut serves as a hybrid broker, stock exchange, and market maker (matching trade orders in a certain stock). The ECN serves market makers and institutional investors, automatically executing matching orders for a small fee. SunGard Data Systems owns approximately 20% of Brut; other minority shareholders include Merrill Lynch, Morgan Stanley Dean Witter, Goldman Sachs, Lehman Brothers Holdings, Bear Stearns, Knight Trading, and Salomon Smith Barney.

 COMPETITION
Archipelago LLC (dossier)
Investment Technology Group, Inc. (ITG)
The Island ECN, Inc. (dossier)

 KEY PEOPLE
• Richard D. Schenkman
    CEO
• Glenn Badach
    CFO

 CONTACT INFO
55 Broadway, 7th Fl.
New York, NY 10006
US
Phone: 212-269-7470
Fax: 212-344-8893
Online: Web Site

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