Wattson's TGB Corp. Seeks Backing For New Government Securities Broker

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Henry Wattson, originator of screen-based government securities trading, wants to lead the industry a step closer to electronic trading. Wattson is the mind behind TGB Corp. a new brokerage service that wants to re-write the rules by which U.S. government securities brokers play.

TGB -- for third generation brokers -- is circulating a business proposal to a select group of primary dealers in government securities. The proposal describes a capitalization plan that would allow dealers to become

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