Sloane & Co. aids trade system in its purchase by NYSE

NEW YORK: Sloane & Co. assisted longtime client Archipelago, an electronic-based trading system, in last week's landmark announcement that it would be acquired by the New York Stock Exchange (NYSE).

NEW YORK: Sloane & Co. assisted longtime client Archipelago, an electronic-based trading system, in last week's landmark announcement that it would be acquired by the New York Stock Exchange (NYSE).

The NYSE and Archipelago will combine to become a publicly traded, for-profit company called NYSE Group.

CEO Eliot Sloane and MD Darren Brandt were at the exchange for the announcement, while Sloane staffers handled media requests at the office.

Sloane has handled corporate communications, IR, and financial communications for Archipelago for about three years.

Sloane said that the company assisted Margaret Nagle, Archipelago's MD of marketing and communications, and NYSE's internal department in reaction to the media crush that followed the announcement. The merger will now require regulatory and antitrust approvals, which are expected to clear by late this year or early next year.

Sloane said it was too early to tell what role the firm would play in the combined company.

Would you like to post a comment?

Please Sign in or register.

News by email...