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Archipelago Breaks Free of NASD Rule
Will other ECNs follow? By Victor Hendrickson
The Securities and Exchange Commission made it official in October. Now, as the first ECN to become an exchange, Archipelago is plotting how to use its new status to gain greater entree into the listed securities market and carve out new revenue streams.
Previously, as an electronic communications network, Archipelago’s governing body, the National Association of Securities Dealers, was also a top competitor, making
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