Jeffries Buys Into Limitrader

NEWS RETRIEVAL

Jeffries & Co. (www.jefco.com) has bought a 25 percent stake in Automated Trading Systems, the parent company of Limitrader Securities (www.limitrader.com). Limitrader operates Limitrader.com, an online bond-trading facility. "We're very impressed with Limitrader.com's anonymous negotiation feature," says Richard Handler, head of high yield for Jeffries. "Limitrader shares Jeffries' vision of where electronic facilities are going."

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