ALSO

TD Waterhouse Group Inc., which last week pulled out of a deal to invest $25 million in an alternative stock-trading system known as Island, said Tuesday it would invest in REDIbook, an Island rival. The No. 3 U.S. Internet brokerage firm chose REDIbook over Island because it was impressed with the investors behind the firm, said John Chapel, president of Waterhouse’s U.S. brokerage operations. Other REDIbook investors include Charles Schwab Corp., Fidelity Investments and Donaldson Lufkin & Jenrette Inc.