The NYSE Purchased Archipelago (An ECN) in Order to Expand

question 58

True/False

The NYSE purchased Archipelago (an ECN) in order to expand its floor-trading capabilities.
The acquisition was actually to bring electronic trading capabilities and expertise as a complement to the NYSE's established floor-trading skills.

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Definitions:

Republican Effort

Initiatives, campaigns, or movements undertaken by the Republican Party or its members to achieve specific political, social, or economic goals.

Israelis and Palestinians

Terms denoting the peoples and national identities at the center of a long-standing conflict over territory in the Middle East, particularly the land that comprises modern-day Israel and the Palestinian territories.

Peaceful Settlement

A resolution process aimed at resolving disputes or conflicts without the use of force or violence.

Economic Boom

A period of significant economic growth and prosperity often characterized by increased employment, production, and consumer spending.