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Arca Launches OTC Bulletin Board System

Exchange Technologies

CHICAGO—Only a week after Nasdaq announced it would cancel its Bulletin Board Exchange (BBX) trading platform for over-the-counter bulletin board (OTCBB) stocks (TTW, June 30), Archipelago (Arca) has launched ArcaEdge, an OTCBB alternative trading system.

The move injects the prospect of automation and some possible competition in the illiquid, mostly phone-based off-exchange market, officials say.

Arca hopes to pick up the slack for those securities that were destined for the BBX and Pink Sheets

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