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.

---

Definitions:

Journal Entries

Recorded transactions in the accounting records of a business that are used to transfer amounts from one account to another.

Advertising Campaign

A series of advertisement messages that share a single idea and theme which make up an integrated marketing communication.

Cash

A form of current asset representing currency or currency equivalents that can be accessed immediately or near-immediately.

Adjusting Entries

Journal entries made in accounting to update record balances before preparing financial statements, ensuring accuracy of the accounting records.