Nasdaq Wants To Merge With The NY Stock Exchange

from the how-quickly-things-change dept

It really wasn't that long ago that the Nasdaq was king, and was even going around advertising how many cool companies were listing on their market rather than over at the more old fashioned New York Stock Exchange. Of course, just like everything that was booming in the boom years, things are changing, and reports are surfacing that the folks over at the Nasdaq have approached the New York Stock Exchange about a merger. Of course, things aren't all roses over at the NYSE, as they're still dealing with fallout from their executive compensation package to former chair Dick Grasso. Still, as the article points out, Wall Street firms would love such a merger since it would let them consolidate operations.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  • identicon
    Anonymous Coward, 24 Dec 2003 @ 8:37am

    man screws man

    The main impression that I have of the differences between NASDAC and NYSE is that the trading system implementation ususally is responsible for screwing you on the NASDAC, while the boards that run the companies listed on the NYSE are the ones who usually screw investors in stocks listed there.

    The long and short of it is that the NASDAC is in trouble (encroachment by other, lesser exchanges) and so is the NYSE (with respect of a large lack of confidence). My general impression is that confidence can eventually be won back through good PR and a few quarters of positive growth, but fundamentally flawed business plans are fatal (and guess which exchange has more of those).

    link to this | view in chronology ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.