"Emrise is yet another company to graduate to ArcaEx from the OTC Bulletin Board, recognizing the value of being listed on an all-electronic stock exchange," commented Jerry Putnam, CEO of the Archipelago Exchange. "ArcaEx's model is dedicated to offering companies listed on the exchange and their investors highly efficient, fair and transparent trading which is important for growing companies like Emrise."
"Listing on a national stock exchange focused on offering the highest level of efficiency is an important move for Emrise and for the company's investors," commented Carmine T. Oliva, Chairman, President and Chief Executive Officer. "Being listed on ArcaEx will help increase investment community awareness of Emrise as we continue building new products, acquiring other companies, and growing our company's revenue and net income."
In addition to providing the advantages of 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 on ArcaEx, a facility of the Pacific Exchange. In addition to its own listings, the exchange trades all NYSE, Nasdaq, and Amex listed stocks.
