Brut Eyes Linux for Lower Costs
VENDOR UPDATE
NEW YORK--The Brut ECN has begun an aggressive move to grab liquidity by pitching itself as a low-cost provider, and is leaning toward Linux-and-Intel-based computing to sustain that model.
In a bid to jumpstart its fortunes, Brut announced last week that it is cutting 10 percent from the fee it charges high-volume customers. The new pricing structure starts Sept. 1 and includes a charge for removing liquidity from the Brut book of $0.27 per 100 shares executed, officials say. The new pricing
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