AIG Joins ArcaEx!

"AIG firmly believes in the benefits of electronic trading and our dual listing on ArcaEx is proof of our dedication to creating and supporting the best trading environments for our investors. AIG shareholders should benefit from the enhanced transparency that an ArcaEx dual listing provides.""
-AIG Chairman and CEO M.R. "Hank" Greenberg on January 11, 2005

Here's the scoop on AIG's decision to join ArcaEx: http://tinyurl.com/5lnj5

Today's announcement is good news on a couple of levels:

1) Management: During last quarter's earnings call, Jerry Putnam, Arca's CEO, told analysts and shareholders that Arca's short-term goals center around growing their listings SPECIFICALLY through "dual listings" between NYSE and ArcaEx. Today's news about AIG highlights management's ability to execute.

2) Revenue: As of last quarter, Arca's revenue from listings was ~.01% of total revenue. It's nice to see this line grow.

		    Three months ended               

                       September    June    September        

                          30,        30,       30,            

                          2004      2004      2003                  

Revenues

Listing fees                 118       117        24        

Total revenues            127,141   128,770   126,891