Fidelity, local exchange near deal

E-trading venture with Wall St. firms would take on NYSE, Nasdaq

By Andrew Caffrey

Globe Staff / August 17, 2005

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Fidelity Investments and several major Wall Street firms are close to a deal with the Boston Stock Exchange to create a new electronic trading network that could rival the US market's two major exchanges in a new era of competition in the buying and selling of stocks and other securities, said two people who have been briefed on the talks. (Full article: 749 words)