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Article: ECN Ready to Pick Up Bulletin Board Stocks.(Nasdaq will launch Bulletin Board Exchange, a new electronic bulletin board system)(Brief Article)
- Article from:
- Traders
- Article date:
- February 1, 2003
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A brawl is erupting over Bulletin Board trading.
Nasdaq, which is awaiting regulatory approval to turn the OTC Bulletin Board into a market with strict listing standards, is squaring off against Archipelago.
A 12-year headstart running the OTC Bulletin Board means Nasdaq handles most bulletin board transactions for dealers. That volume is hovering around 500,000 trades monthly. In the other corner, Archipelago - which has cut into Nasdaq National and SmallCap volume - says it could siphon order flow off the OTC Bulletin Board. Archipelago has its own bulletin board trading platform, purchased from the ATS GlobeNet. That was recently activated through its ...