NYSE and NASD to Join Forces
Submitted by: Sarah Cohn, Director of Communications
CFO.com is reporting today that the New York Stock Exchange and the National Association of Securities Dealers will merge, possibly in the first half of 2007. According to the article, the merger would create a single regulator that would oversee member regulation, examinations, arbitration, and mediation.
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According to reports on Bloomberg today, Euronext sharehodlers voted 98.2 percent in favor of merging with NYSE. Euronext is Europes's second largest (by market cap) exchange behind Duetche Borse who had previously tried to acquire Euronext.
Separately, NASDAQ has launched a hostile bid for the London Stock Exchange. The bid has been rejected by LSE thus far.
Posted by: Michael Gray | December 19, 2006 1:47 PM