AnMaster.com

Alexkid

Nasdaq joins in global merger fray in bid for NYSE
PALLAVI GOGOI - The Associated Press




NEW YORK (AP) — Instead of fighting the NYSE, Nasdaq wants to own it.

07:12:12PM (DST) Friday,April 1,2011.

Nasdaq OMX Group Inc. and another U.S.-based market, the IntercontinentalExchange Inc., submitted a joint $11.3 billion bid Friday for NYSE Euronext, the parent company of the New York Stock Exchange. The offer, which was expected, raises the possibility of a bidding war for the NYSE with Deutsche Boerse. NYSE agreed to a $10 billion deal with the German exchange operator in February.

The dueling bids for the NYSE show how intense the competition for trading in stocks, options and other investments has become. Though mergers between exchanges have little, if any, impact on small investors, they are a means for survival for these markets. Technology has driven down the cost of trading to almost nothing. Newer, smaller and more high-tech companies like the BATS Exchange and Direct Edge have emerged to give investors the opportunity to find the best price for a security in milliseconds. That has taken business away from institutions like the NYSE and Nasdaq.

More-->LocalNet - Nasdaq joins in global merger fray in bid for NYSE

-----------------------------------------------------------------------
* More than a strategic "business as usual" type atmosphere.
Increase trading is most likely. *

__________________
Yeah...Do That.