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Home > Company Index > Financial Services > Miscellaneous Financial Services > Archipelago LLC
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Archipelago LLC |
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NEWS FROM THE STANDARD |
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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 |
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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 |
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Instinet Group Incorporated (INET)
The Island ECN, Inc. (dossier)
MarketXT, Inc. (dossier)
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FINANCIAL OVERVIEW |
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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 |
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Gerald D. Putnam
CEO
Nelson Chai
CFO
CONTACT INFO |
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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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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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