Citigroup plans to launch it's own online stock trading network. The server is expected to take some people away from the NYSE and the other stock exchanges.


"The exchange -- also known as an electronic communications network, or ECN -- would be built around Citigroup's recent acquisition of OnTrade Inc., an ECN operated by NexTrade Holdings Inc.
The OnTrade ECN will continue to operate in its current state while its new owner performs some technology enhancements, Citigroup said, and the new ECN could be ready to begin processing trades in the second quarter."