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Alternative Trading Systems ECNs

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Archipelago
Order entry and execution system for Nasdaq and listed stocks. Features include anonymous access to all displayed Nasdaq market participants, SmartBook TM proprietary execution algorithm.

Bloomberg Tradebook
Institutional access only from Bloomberg terminal through B-Trade Services. Recent expansion deal with Credit-Lyonnais.

Brut
Covers the Nasdaq market providing proprietary access to trading liquidity.

Domestic Securities
An order display alternative to the traditional market making price quote system on the Nasdaq.

ECN Direct
Direct access trading primarily for retail investors.

InstaQuote by Direct Access Financial Corp
Trading platform providing live streaming market data, point and click analytics and direct order routing for the domestic and international trader.

Instinet Corporation
One of the largest brokers in the electronic markets. Recent link up with virt-x exchange in the UK.

Intelligent Markets
An institutional marketplace for the trading of illiquid instruments. Currently offering trading in convertible bonds.

ITG Europe
European crossing network. Orders can be entered manually, imported from a trade order management system or loaded via an Excel spreadsheet. Accepts orders via email for forwarding to POSIT. Sales traders will accept orders via phone calls or fax.

Marco Polo Network
Online equity trading network linking developed countries of the world with emerging markets.

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