Brut ECN taps CEO

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Brut ECN, New York, the business-to-business electronic stock-trading network, hired Richard Schenkman as CEO. Previously, Schenkman was chief operating officer of Brut ECN's rival, New York-based Instinet Corp. Brut ECN, which processes about 50 million trades daily, is jointly owned by large financial companies including Merrill Lynch & Co., Goldman Sachs & Co., Morgan Stanley Dean Witter & Co. and Bear Stearns & Co.
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