BACHE CANADA BUYS TORONTO STOCK EXCHANGE SEAT
Bache Securities Inc, 80 pct owned by
Prudential Bache Securities Inc, said it acquired its third
Toronto Stock Exchange seat for 301,000 Canadian dlrs.
    The company said the price was the highest yet paid for an
exchange seat. A Toronto Stock Exchange spokesman said an
exchange seat last sold for 195,000 dlrs in March, which was
acquired by <Toronto Dominion Bank>.
    Bache Securities said it needed a third exchange seat as
part of an extensive plan to provide an enhanced level of
service to clients. The seat will be used to further build its
professional trading area, the investment dealer said.
 Reuter
