The Fall and Rise of ECNs


After the New York Stock Exchange (NYSE) acquired the Archipelago Exchange and Nasdaq Stock Market acquired the Inet trading venue from Instinet in the first quarter of last year, Wall Street all but wrote the obituaries for the remaining electronic communication networks (ECNs). However, the industry forgot to mention this to the last surviving ECNs.

Over the past 12 months, Knight Capital purchased Attain ECN and re-branded it as Direct Edge ECN; Citigroup acquired OpenTrade from NexTrade; and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

Broadridge rethinks the OMS

Through its partnership with Glue42, Broadridge is bringing together the best components of its agency trading and market-making solutions.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here