The Internet's next biggest, purest play?
Electronic Communications Networks (ECN)s are purported to be ready for "round-the-clock" trading by summer 1999...The Players (Partners/Alliances), as of this writing are: All-Tech (Data Broadcasting), Archipelago (E*Trade, Goldman-Sachs*), Eclipse Tradings' IndivEX (Discover Morgan Stanley), Instinet (Reuters), NexTrade, The Island (Datek Holding Corp), Wit Capital's Digital Trading Facility (DTF) (Goldman Sachs*), ...
"Coming Soon: Around-The-Clock Trading" 209.1.23.84 © 1999 The Industry Standard
ECN Jump Start: Everything you need to get started with ECNs SOURCE: © 1999 Gomez.com gomez.com
The players [and partners/related news] jockeying for pole position....
All-Tech Investment Group attain.com Data Broadcasting partners with All-Tech biz.yahoo.com
Archipelago tradearca.com
IndivEX eclipsetrading.com note: former Instinet exec, Michael Sanderson heads up IndivEX.
Instinet instinet.com [note: currently institutional vs. individual/day traders...]
The Island isld.com [note: Island claims it is 2nd largest ECN after Instinet accounting for ~10% of all NASDAQ volume]
Wit Capital witcapital.com "Goldman's* Internet IPO Hedge" cbs.marketwatch.com. note: former National Discount Broker CEO, Everett Lang heads up WITs DTF...
*pending, May '99 $2.8B-$3.5B IPO ipocentral.com
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