Archipelago

AAA

DEFINITION of 'Archipelago'

An electronic communications network (ECN) that merged with the New York Stock Exchange (NYSE) in 2006 to form the NYSE Arca exchange. Archipelago, created in 1996, was one of the first ECNs and a precursor to the Archipelago Exchange (ArcaEx) that was created in 2001 to facilitate electronic stock trading for the major U.S. stock exchanges.

INVESTOPEDIA EXPLAINS 'Archipelago'

Shortly after the merger with Archipelago, the NYSE became a publicly traded company with both new electronic and traditional floor-trading capabilities. The electronic NYSE Arca exchange allows stock and options trading and offers one of the largest ECNs in the world. ECNs allow for automated trading, passive order matching, after-hours trading and super-fast order execution.

RELATED TERMS
  1. Electronic Communication Network ...

    An electronic system that attempts to eliminate the role of a ...
  2. NYSE Arca

    A securities exchange in the U.S. on which stocks and options ...
  3. Open Outcry

    A vanishing method of communicating on a stock, commodity or ...
  4. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
  5. Trading Floor

    The floor where trading activities are conducted. Trading floors ...
  6. Bulldog Market

    A nickname for the foreign bond market of the United Kingdom. ...
Related Articles
  1. The Birth Of Stock Exchanges
    Personal Finance

    The Birth Of Stock Exchanges

  2. Getting To Know The Stock Exchanges
    Options & Futures

    Getting To Know The Stock Exchanges

  3. The NYSE And Nasdaq: How They Work
    Options & Futures

    The NYSE And Nasdaq: How They Work

  4. Translating Ticker Talk
    Options & Futures

    Translating Ticker Talk

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center