Credit Suisse First Boston, Dresdner Kleinwort Benson and Merrill Lynch have become shareholders in the company behind the Tradepoint Stock Exchange. Tradepoint is an order-driven, screen-based electronic market for securities trading, which says it aims to be the lowest cost stock exchange in the world.
The three financial institutions have joined six other major brokerage and financial services firms as shareholders in a consortium which owns 51.1% in Tradepoint. Doug Aitkin, CEO of consortium leader Instinet, said the increasing number of investors indicated growing support in the Tradepoint exchange model.

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