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E*Trade Cashing In on NYSE-Archipelago Hookup

Stock quotes in this article: AX , ET , GS  

E*Trade (ET Quote) is wasting no time cashing in on the proposed merger of the New York Stock Exchange and Archipelago Exchange (AX Quote).

The online brokerage filed with the Securities and Exchange Commission to sell 529,731 shares of Archipelago stock -- just about its entire stake in the electronic stock exchange.

E*Trade filed its notice to sell on April 21, a day after the surprise merger was announced. That day, Archipelago shares surged 60% to close at just under $30 a share. ...

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Oil *
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