Archipelago ECN And PCX To Create National Electronic Market
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NEW YORK--Archipelgo ECN and the 118 year-old Pacific Exchange are joining forces to create a new electronic stock exchange, marking the first alliance between an electronic and a floor-based exchange. The Pacific Exchanges’ trading floors would eventually be phased out and the new exchange, which does not have a working name, would use Archipelago’s trading technology while the Pacific Exchange would exercise regulatory oversight and have a minority stake in Archipelago Holdings. The move would
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