"We believe these milestones demonstrate the trading communityâs embrace of the inherent values of ArcaEx - execution quality, speed, and cost - and the innovations and efficiencies our system brings to the market place." said Archipelago CEO Jerry Putnam.
"We recognize the value that traders place on speed in the competitive listed trading arena and have responded by improving our execution speeds tenfold today in QQQTM." Putnam added.
ArcaEx's electronic system enables buyers and sellers to anonymously place orders and execute trades consistently, quickly and cost effectively. With a wide range of order types to choose from and connectivity to all U.S. equity markets, ArcaEx is designed to provide all investors with the most efficient order processing available.
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