November 29, 2001 |
Archipelago LLC has agreed to merge with rival RediBook LLC, combining the second-and fourth-largest electronic stock trading systems and posing a bigger potential threat to the Nasdaq Stock Market and the New York Stock Exchange. Archipelago Chief Executive Gerald Putnam, reached Wednesday at his home outside Chicago, said a conference call is scheduled for today. He declined to comment further. "This is really going to put us on the map," Putnam was quoted as saying by Dow Jones Newswires.