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Article: DLJ to Use Pedestal as Preferred Electronic Trading Platform For Mortgage- and Asset-Backed Securities.

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PR Newswire
Article date:
August 17, 2000
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Pedestal Expands Liquidity on TBA-MBS Trading Platform

WASHINGTON, and NEW YORK, Aug. 17 /PRNewswire/ --

Pedestal Inc. today announced that Donaldson Lufkin & Jenrette (DLJ) has become the second major market maker to participate in Pedestal's leading electronic trading platform for mortgage- and asset-backed securities. Initially, DLJ will be a market maker for TBA-MBS (To-Be-Announced Mortgage-Backed Securities). The firm has also committed to provide liquidity for all structured mortgage security products that will be traded on pedestal.com.

"We are delighted to have DLJ join Deutsche Bank as a market maker on our independent, multi-dealer ...

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