| BUSINESSWEEK ONLINE : AUGUST 16, 1999 ISSUE | ||||||||
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| INTERNATIONAL BUSINESS
New Threats to Old Exchanges -- More than 20 European fund managers, led by Merrill Lynch Mercury Asset Management and Barclays Global Investors, are building their own system, called E-Crossnet, which will reduce the brokers' role. -- New investors, including the big investment banks--Goldman Sachs, Morgan Stanley Dean Witter, J.P. Morgan, and Warburg Dillon Read--are revving up alternative electronic exchanges, Easdaq and Tradepoint. -- Online brokers, including Charles Schwab and E*Trade of the U.S. and Barclays Stockbrokers, are setting up shop in Europe, cutting flat commissions. DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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RELATED ITEMS Bourse Busters TABLE: New Threats to Old Exchanges INTERACT E-Mail to Business Week Online | |||
