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Turning Back the Clock

Of course, some people want to turn the clock back more than an hour. A consortium of the nine largest global dealers wants to turn the clock back all the way to 2004, when most of them sold their interest in the over-the-counter (OTC) electronic trading venue TradeWeb to Thomson Financial for $385 million.

Now, three short years later, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland (RBS) and UBS have spent a total

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