MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

Jefferies & Co. and Limitrader Securities have formed an alliance under which Jefferies has purchased a 25 percent stake in Automated Trading Systems. Limitrader Securities operates Limitrader.com, an online trading facility designed to mimic the day-to-day functions of the bond market. The partnership represents Jefferies' latest step in an ongoing strategy to leverage the Internet for its trading and investment banking operations. The agreement is also a major strategic move for Limitrader

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