In Brief: Deutsche Buys Stake in U.K. Web Exchange

Deutsche Bank AG has become a shareholder in a consortium that holds a majority interest in London's on-line stock market, Tradepoint Financial Networks PLC.

Formed in July, the consortium has a 54% ownership position. Deutsche Bank will take a 9.74% stake in the consortium, the company said. The consortium's other members include Credit Suisse First Boston, J.P. Morgan & Co., Morgan Stanley Dean Witter & Co., and several non-U.S. banking companies.

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