ELECTRONIC TRADING SYSTEM Archipelago used to describe the New York Stock Exchange as a dinosaur – it believed its own system threatened the 212-year-old NYSE trading floor with extinction. But by merging with a member of the rival for-profit electronic species, the NYSE, though not necessarily its trading floor, might have blazed a crafty evolutionary trail. NYSE’s surprise announcement and Nasdaq’s acquisition of I-Net, which came just two days later, changes the US cash equities trading environment as dramatically as the meteor that wiped out the real dinosaurs 65 million years ago.
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