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Headline: Jerry Putnam: CEO, Archipelago Source: Euromoney Date: July 2000 Author: Kay Binnie The Electronic Communications Network (ECN) industry is violently competitive, with the 12 market players battling to eliminate each other. ECNs are private trading systems that fill orders by matching buyers and sellers and they deal primarily in NASDAQ stocks. However according to Jerry Putnam, CEO and founder of Archipelago, the fourth largest ECN in the US market, ECNs are a moment in history and a catalyst for change. |
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