A division of NYSE Group. Archipelago originated in 1996 as an Electronic Communication Network (ECN) serving the NASDAQ marketplace. In 2000, it joined forced with the Pacific stock exchange to introduce ArcaEx, the first fully automated stock exchange. In 2002, Archipelago and the Pacific Stock Exchange merged with the New York Stock Exchange to form the NYSE Group. On the Web at
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Pacific Stock Exchange (PCX)
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unguaranteed residual value
swing option
wear and tear
Trade Surplus
member firm