October 26, 2001 |
The San Francisco-based Pacific Exchange regional stock market and Archipelago, an electronic trading network, on Thursday won U.S. approval to form an automated stock exchange that will compete with the New York Stock Exchange. The Securities and Exchange Commission approved the joint venture to create the Archipelago Exchange, which will become the first fully electronic U.S. stock exchange trading in all U.S. stocks.
March 15, 2000 |
The last physical stock exchange in Los Angeles is closer to shuttering its floor, as the Pacific Exchange said Tuesday it will form a new all-electronic market with the Archipelago trading network. The Pacific, owned by its 552 members, operates options and stock trading facilities in San Francisco and downtown Los Angeles.
July 28, 1999 |
The battle of the stock markets took a new turn on Tuesday as Archipelago, a 2-year-old electronic trading network, said it would apply to the Securities and Exchange Commission to become a stock exchange--and will go public next year. Archipelago also said Reuters Group's Instinet--the leading electronic trading network--bought a 16.4% stake in the rival network. The developments are the latest in a whirlwind of activity that is reshaping the trading landscape.
CALIFORNIA | LOCAL
April 8, 2001 |
From her office window overlooking Juneau Harbor, Michele Brown surveys a slice of what could be Alaska's third-largest city--not Juneau itself, but a cruise ship fleet. The industry brought 640,000 travelers to Alaska last year, compared with 200,000 a decade ago. But Brown, the state's environmental conservation chief, says it also brings something else--water pollution.