Fundamental Brokers Buys MKI Government Securities, Will Establish Second Market Data Network
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Fundamental Brokers, Inc. will become the first inter-dealer broker in the U.S. government securities market to operate two distinct market data networks. FBI has acquired MKI Government Brokers, a smaller competitor, and plans to use MKI's facilities to originate a new large-block market for primary dealers.
Initially, Fundamental will deliver prices from the block market via MKI Financial Network rather than its own Fundamental Information Systems, according to FIS president Ross Klinger. MKI
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