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Home > Company Index > Financial Services > Miscellaneous Financial Services > Brut ECN, L.L.C.
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Brut ECN, L.L.C. |
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PROFILE |
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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 |
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Archipelago LLC (dossier)
Investment Technology Group, Inc. (ITG)
The Island ECN, Inc. (dossier)
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KEY PEOPLE |
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Richard D. Schenkman
CEO
Glenn Badach
CFO
CONTACT INFO |
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55 Broadway, 7th Fl.
New York, NY 10006
US
Phone: 212-269-7470
Fax: 212-344-8893
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
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