Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




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January 1, 2004

An IPO Planned by Nasdaq Rival

By Staff Reports

An ECN-turned-stock exchange for Nasdaq and listed issues may steal a march on Nasdaq. Archipelago Holdings, the parent of ArcaEx, has confirmed it has plans to go public in 2004.

If Arca's gambit succeeds, the IPO could raise the stakes for Nasdaq, which has been grappling for three years over its exchange applicaton. Nasdaq has also considered its own formal initial public offering of stock, pending exchange approval.

However, while Nasdaq's exchange plan has been impeded by regulatory scrutiny, Arca's exchange route has been relatively smooth. That's because Archipelago - a strong player in Nasdaq stock trading - created an alliance with the Pacific Exchange.

An official for Archipelago said it intends to conduct an IPO through a prospectus this year. It plans to file a shelf registration. Archipelago recently got a financial boost when General Atlantic Partners invested $125 million.