the entire directory only in Online_Brokers/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.
• 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.
• 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.
• Marco Polo Network - Online equity trading network linking developed countries of the world with emerging markets.
• RealTick By Townsend Analytics, Ltd. - Research and direct access trading platform integrated with technical analysis and real time quote displays.
• TrackECN - A division of Track Data Corp. Has trading technology that links to Nasdaq's SuperSOES.

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