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BRIEF OBJECTS

ARCA'S NEW OPTIONS ENGINE

The Archipelago Exchange (ArcaEx) is developing an options trading platform, officials say. The announcement follows the completion of Archipelago's merger with the Pacific Exchange (PCX) and the New York Stock Exchange's purchase of ArcaEx (DWT, Jan. 10 and April 25). The internally developed platform will replace the PCX Plus trading system. ArcaEx will move to the new platform in Q2 2006.

DTCC GOES OTC WITH IDBs

Inter-dealer brokers (IDBs) GFI Group, Icap, and Tullett

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