| Jerry Putnam | ||||||
Five years ago Archipelago was just another technology platform. Two years ago it was one of several upstart rivals to Nasdaq market makers, and possibly even to the New York Stock Exchange.
Those were the heady days when technology and the internet were supposed to be sounding the death knell for traditional businesses, and new technology-based companies were springing up all over the place.
It didn’t last. Several would-be liquidity providers for US equities trading have disappeared, such as Optimark, which closed in late summer 2000.
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