1999: The Year The of ECNs, Or The ECN's Last Stand?
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To say that the future of ECNs will likely have been decided by this time next year is not a risky prediction. It may also prove to be highly inaccurate. How things will break in the ECN world during 2000 will likely be as hard to predict as they were in 1999.
Volatility, in the form of shifting alliances, was the key in 1999 as multi-business tie-ups proceeded at a break-neck pace. Archipelago took on 7 stake holders. REDIBook took on 12. Instinet's president Doug Atkin seemed to predict the
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