20 October 2017
Find out more

Archipelago ECN moves to London for European offensive

15 August 2001  |  2728 views  |  0 Archipelago ECN moves to London for European offensive

Electronic Communications Network Archipelago has opened an office in London to market its transactional services for US equity investing to European broker dealers and institutional investors.

The company says it will be promoting the ability to trade Nasdaq and listed stocks on the Archipelago ECN as well as access to trade on the Archipelago Exchange, which is scheduled to launch later this year.

"We have already developed relationships with a number of international clients who are currently using the services of the Archipelago ECN to trade US equities," says Sam Long, general manager, Archipelago Europe. "By establishing Archipelago Europe and opening a London office, we can extend the services of the Archipelago ECN to the UK and European subsidiaries of existing subscribers and, at the same time, develop new relationships and introduce the services provided by Archipelago Holdings."

Archipelago uses a proprietary algorithm to find the best price for orders and provides an open limit order book for Nasdaq and listed stocks. Later this year, the company expects to open a fully electronic national stock exchange for New York Stock Exchange, American Stock Exchange and Nasdaq stocks, in partnership with the Pacific Exchange.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Brut ECN develops front-end technology for institutional business

Brut ECN develops front-end technology for institutional business

23 July 2001  |  3173 views  |  0 comments
Brief: RediBook ECN hooks up to Radianz

Brief: RediBook ECN hooks up to Radianz

11 July 2001  |  2580 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8514 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8466 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7557 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7002 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6619 views comments | 14 tweets | 23 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job