By buying Quick & Reilly, Fleet Financial Group is gaining not only the nation's third-largest discount broker but a large presence in a new stomping ground - equity market making and securities clearing.

As part of the $1.6 billion acquisition package announced Tuesday night, Fleet will get JJC Specialist Corp., a New York Stock Exchange market maker; U.S. Clearing Corp., a securities clearing operation; and Nash, Weiss & Co., a Nasdaq market maker.

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