Latest Archipelago Holdings, L.L.C. News: Finextra Research

Archipelago sells brokerage services unit to OES

Electronic trading network Archipelago has signed a definitive agreement to sell its brokerage services unit to New Jersey-based Order Execution Services Holdings (OES). Financial terms of the deal were not disclosed.

21 February 2006

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Nyse chairman blasts Archipelago merger rebels

Marshall Carter, chairman of The New York Stock Exchange, has blasted a group of rebel members seeking to delay the exchange's merger with electronic trading network Archipelago, saying the cost of defending their "baseless litigation" is approaching $7 million.

11 November 2005

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Archipelago to launch bond trading platform

Archipelago Holdings, operator of the ArcaEx electronic stock market, says it plans to file a proposal with the US Securities and Exchange Commission to launch a corporate bond trading platform.

24 October 2005

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Sun in talks with Archipelago to launch utility computing market

Sun Microsystems is in negotiations with electronic stock exchange operator Archipelago to launch a platform to buy and sell blocks of computing power.

03 February 2005

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Archipelago lining up $3 billion Instinet takeover - FT

Archipelago Holdings Inc., which operates the ArcaEx electronic stock market, may buy Reuters' Instinet subsidiary for as much as $3 billion, the Financial Times says, citing unidentified people close to the situation.

21 January 2005

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Archipelago to acquire Pacific Exchange

Archipelago Holdings, the parent of electronic stock market ArcaEx, has signed a definitive agreement to acquire the Pacific Exchange (PCX) for $50.69 million.

04 January 2005

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Jury finds against Archipelago chief Putnam

Archipelago chief executive Jerry Putnam cheated a former business partner out of his share of a brokerage business that was the precursor to the launch of the Archipelago electronic communications network, a Cook County jury has found.

20 December 2004

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Former business partner gets go-ahead to sue Archipelago founders

A former partner of Archipelago founders Gerald Putnam and MarrGwen Townsend has been given the go-ahead to proceed with a $100 million lawsuit against the pair relating to the launch of the electronic communications network.

02 November 2004

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Archipelago welcomes ruling on Nasdaq lawsuit

A federal judge in New York has dismissed part of a lawsuit filed against Archipelago by Nasdaq over the trading of the exchange-traded fund that tracks the Nasdaq 100 index, known as QQQ.

16 September 2004

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ArcaEx launches market data Web site

All-electronic Archipelago Exchange has launched a new market data Web site providing investors with a broad range of ArcaEx, market-wide and client-specific data.

27 August 2004

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Archipelago to raise $150 million in IPO

Electronic stock exchange Archipelago is expected to sell approximately one-fifth of its shares for $150 million in an IPO, valuing the firm at $750 million.

03 March 2004

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Archipelago appoints Bob Power director, listing sales; forms corporate group

US electronic stock exchange Archipelago has appointed Nasdaq's Bob Power to the newly-created position of director of listings sales, based in New York.

16 December 2003

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