SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : MB TRADING
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JerryPutnam who wrote (2890)1/8/1999 10:01:00 AM
From: JerryPutnam   of 7382
 
Does anyone really think the due diligence process preceding E*Trade and Goldman's investment in Archipelago was not extensive? I am very proud to be part of this transaction. The transaction was based on lots of factors including the character of the management and technology team. Archipelago intends to invest in its business and make it a better place to trade. I believe our volume will grow and our customer base will continue to diversify. Diverse order flow is good for active traders. Additional volume on our system will mean faster fills, because we won't need to preference market maker's as often.

Just in case there is any confusion, the alliance between E*Trade, Goldman and Archipelago does not change the way Archipelago conducts its business. E*Trade and Goldman don't get special treatment in the order process. Our business principles are the same, the customer is king. The first order in gets filled first, no one looks at or trades against your orders. You go one-on-one with or against the other participants. I have stated this principle in writing to the Securities and Exchange Commission, if I deviate from it I would be risking everything I have worked so hard for. E*Trade and Goldman, Sachs believe in this principle as well, that's why we are partners in Archipelago.

Archipelago has been smashing volume records all week long, I thank everyone of you who participated in our success. I promise I will not let you down.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News