Optimark Postpones Its PCX Launch
TTW PROFILE
NEW YORK--Optimark Technologies has postponed the West Coast launch of its Optimark Trading System, say officials of the startup.
The Optimark platform is an anonymous order-matching and execution system designed to attract institutional block trades (TTW, January 19). The system was supposed to launch this month via the San Francisco-based Pacific Exchange (PCX) but won't because the process took longer than anticipated, says a spokesman for Optimark. Cited as one of the reasons for the delay
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