World's biggest stock exchange goes public

[katty]

cont'd: http://news.yahoo.com/s/nm/20060305/bs_nm/financial_nyse_dc

World's biggest stock exchange goes public in growth quest By Belinda Goldsmith
Sun Mar 5, 4:27 PM ET


NEW YORK (Reuters) - Founded by some traders under a tree on Wall Street two centuries ago, the world's biggest stock exchange enters a new growth phase this week as it goes public, building a war chest to expand globally and add assets.

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The New York Stock Exchange ends 213 years as a member-owned exchange on Tuesday when it seals its purchase of electronic rival Archipelago Holdings (AX.P) and sets up the NYSE Group Inc. (NYSE:NYX - news) which starts trading on Wednesday.

Adding stock options, fixed income products and more over-the-counter trading to its menu, the NYSE will pit itself in the United States against the younger, more nimble Nasdaq Stock Market Inc. (Nasdaq:NDAQ - news), the world's second largest exchange

[pretzel4gore]

1. something creepy about this.....

the 'plunge protection team' has spent how many billion? a trillion? 10 trillion? keeping the bush crims looking good while they were looting the economy, and now, nudge wink, the nyse goes public...what next, the 'federal reserve'?

[katty]

2. agree w/ya there