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New Australian ECN Named AXE

The Australian ECN, a joint venture between New Zealand Exchange Limited, Citigroup, CommSec, Goldman Sachs, JBWere, Macquarie Securities and Merrill Lynch launched in September 2006, now has a name: AXE ECN. AXE is currently awaiting the outcome of an Australian Market Licence application lodged on 31 January with the Australian Securities and Investments Commission (ASIC). The company has established an office in Sydney and is employing staff.

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