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ArcaEx Ramps Up for an Advanced Auction Mart

Traders Magazine, July 2004

John A. Byrne

The Archipelago Exchange (ArcaEx) is planning to establish one of the most highly-developed electronic auction markets in the world, pending a successful IPO. The ECN-turned-stock exchange - hoping to have its IPO soon - was coming closer to taking that giant step recently prior to the quiet period of the stock offering, according to industry sources. However, it turned down a deal to acquire PDQ - the acronym for Procedure Derived Quotes - an innovative system built by ExchangeLab.

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