OPEN PLATFORM

OPEN PLATFORM

Brian Hyndman, President, The Brass Utility

Established in 1998, the Brass Utility (BRUT) is an Electronic Communications Network (ECN), one of nine approved by the Securities and Exchange Commission to act as an order display alternative. BRUT is majority owned by Automated Securities Clearance Ltd. Goldman Sachs, Merrill Lynch, Morgan Stanley Dean Witter and Knight/Trimark Group are equity partners. BRUT currently has over 100 broker/dealer subscribers.

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