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ArcaEx Becomes EFT Electronic Strongman

Traders Magazine, October 2002

Peter Chapman

ArcaEx is up now that Island is down. The new electronic stock exchange has doubled its share of the market in the most heavily-traded ETFs since its rebellious competitor "went dark." A good chunk of the volume in the exchange-traded funds, known as the QQQs, SPDRs and Diamonds, has left the Island ECN in the wake of its decision to pull its quotes from public view in late September.

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