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On the other side, investors benefited from this as well. Now, they had new ways of investing their capital and spare resources with little cost and more opportunities to invest. This led to the creation of Electronic Communication Networks (ECN) in financial markets, which caused dramatic impact on how financial markets operate and on how stocks are traded. As a result, firms with strong leadership and management took some risk, changed strategies in conducting part of their business and entered financial markets through the Internet. They started to provide online services. Now, small companies like Charles Schwab could easily compete with companies like Merrill Lynch, who was giant Investment Banking firm...
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