Optimark’s Stormy Winter

NEWS RETRIEVAL - compiled by Samara Zwanger

No one said it would be easy, but it seems that Optimark (optimark.com) is running into more than its share of potholes. First, it scaled back its pilot program to act as a facility of Nasdaq. Then, president Phillip Riese announced that because of low volume and IT snafus, Optimark was not ready to move beyond the ten Nasdaq stocks currently handled until January. And software glitches have prevented Optimark matches from being cleared on ECNs. All of these setbacks compounded the company’s

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