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  September 5, 2001
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Home > Company Index > Financial Services > Miscellaneous Financial Services > Archipelago LLC

Archipelago LLC
 NEWS FROM THE STANDARD
Instinet Closes 22% Above IPO Price
May 18 2001 03:11 PM PDT

IPO Weekly: Instinet Gratification
May 11 2001 05:37 PM PDT

 PROFILE
Investors looking for the peninsula of profit find safe passage through Archipelago Holdings. The firm is an electronic communications network (ECN) that matches investors' self-directed bid and sell prices quickly via the Internet. Archipelago profits from per-trade commissions, not from taking a portion of the spread. The firm deals primarily in Nasdaq stocks and is the #3 ECN by trading volume, behind The Island and Instinet. Archipelago is partnering with the Pacific Stock Exchange to form a new rival to the NYSE. Archipelago's investors include cable channel CNBC, E*TRADE Group, Goldman Sachs, Instinet, J.P. Morgan Chase & Co., Merrill Lynch, and founders Gerald Putnam and Townsend Analytics.

 COMPETITION
Instinet Group Incorporated (INET)
The Island ECN, Inc. (dossier)
MarketXT, Inc. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2.00
1-Yr. Sales Growth: 0.0%
Employees: 84
Revenue per employee: $23,809.52

 KEY PEOPLE
• Gerald D. Putnam
    CEO
• Nelson Chai
    CFO

 CONTACT INFO
100 S. Wacker Dr., Ste. 2000
Chicago, IL 60606
US
Phone: 312-960-1696
Fax: 312-960-1369
Online: Web Site

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