Tech Bytes: On-Line Broker-Dealer To Offer Access to IPOs

FarSight Financial Services LP has signed an agreement with the on-line investment bank Wit Capital Corp. to let investors gain access to initial public offerings over the Internet.

FarSight, an on-line broker-dealer subsidiary of D.E. Shaw & Co., is establishing a cobranded Web site with Wit Capital, which offers IPOs on the Internet.

"FarSight's technological strength and high-quality customer base made this a very attractive partnership for us," said Andrew D. Klein, Wit Capital's founder and chief strategist.

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