TD Waterhouse Joins RediBook After Island Deal Falls Through

TD Waterhouse (TWE Quote) Tuesday agreed to join the RediBook electronic communications network consortium after it wasn't able to close a deal with the competing Island ECN.

Terms of the RediBook deal weren't disclosed.

"We have the opportunity to participate in an ECN that has the potential to attract enormous pools of liquidity," TD Waterhouse said in a press release. "That liquidity will be supplied by some of the industry's largest online brokerages, market makers and institutional firms -- all of whom are working with RediBook ECN." ...