Blog：Falling volume

Instinet was launched in 1969, the first of what were termed by the Securities and Exchange Commission (SEC) as electronic communications networks (ECNs
More than half-a-dozen have sprouted in recent years, crowding an already competitive field, resulting in a number of mergers.
One recent example is Chicago-based Archipelago, launched in 1997, and broker-dealer owned RediBook, which completed their merger in late March.
But strengthened firms will find little comfort in competing for slim profits in an investor-weary market.
Skittish investors litter the investment landscape, still spooked by the once-ailing US economy and last September’s suicide attacks.

Tags: volume

This entry was posted on Tuesday, September 29th, 2009 at 7:37 pm and is filed under news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.