"American Dairy's listing on ArcaEx is an exciting move for both the company and its investors as they stand to benefit from more liquidity and better information," said Jerry Putnam, CEO of the Archipelago Exchange. "This listing is also an important win for ArcaEx as we continue to expand our listings business which has seen increased momentum with other companies recently listing."
"It has been a long-standing goal of American Dairy's to list on a major U.S. stock exchange since becoming a U.S. publicly traded company in January 2003, and we are excited to become part of an organization that stands for competition and transparency and provides a top quality trading environment to all investors," says Leng You-Bin, CEO of American Dairy.
In addition to providing the advantages of fully-electronic trading, ArcaEx enables NYSE-, Amex- and Nasdaq-listed companies and their investors to reap the benefits of ArcaEx's investor focused market structure. ArcaEx operates as an all-electronic auction market, with an open limit order book matching buyers and sellers directly based on simple price and time priority, leveling the playing field for all market participants.
Currently over 230 companies are listed by PCX for trading on ArcaEx. In addition to its own listings, ArcaEx trades all NYSE, Nasdaq, and Amex listed stocks. Archipelago Holdings, Inc., the parent company of ArcaEx, announced on January 3, 2005 that the company has entered into a definitive agreement to acquire PCX Holdings, Inc., parent company of the Pacific Exchange and PCX Equities, Inc.
