ELECTRONIC TRADING

The Nasdaq Stock Market has launched the Nasdaq Workstation WebLink -- a service built to give small order-entry firms the power to route orders to Nasdaq market-making firms via a simple Web browser. WebLink, which is expected to help market-making firms of all sizes increase their order flow and revenue, will also provide firms with the option of routing orders through Nasdaq's own ACES order-routing system.

eSignal has formed a partnership with MB Trading that calls for MB Trading to integrate its direct-access stock-trading system with eSignal's real-time market data and analytic/charting applications. The vendors plan to offer their hybrid products to professional traders and active individual investors who want an all-inclusive front-end workstation.

Michael Dawley, a vice president and global co-head of futures services at Goldman Sachs, has been elected chairman of the Board of Trade Clearing Corp. Prior to being elected Dawley, who will serve a one-year term as chairman, had served as the first vice chairman of the BOTCC . The independently owned BOTCC sells clearing systems and services to exchanges and B2B markets; its biggest client is the Chicago Board of Trade.

Global Trade Technologies, a fixed-income trading system vendor, has launched Offer Publisher -- an application that allows bond dealers to export their offering to users of Bizbonds. Bizbonds, targeted at broker/dealers, is GTT's Internet-based bond inventory and order management system.