NYSE liquidity
The planned merger between the New York Stock Exchange and the electronic trading firm Archipelago is being challenged in court. A retired broker named William Higgins--who owns an exchange seat--says he and other seat owners should be getting more cash out of the deal. He's accusing NYSE execs of "grossly undervaluing" the exchange. Meanwhile the man behind the deal--NYSE chief John Thain--said today the lights on the exchange's famous floor won't be going out anytime soon. Marketplace's Bob Moon has that story:
The floor of the New York Stock Exchange (Getty Images)
More on Wall Street
Links
- A New Era at the NYSE
Check out Marketplace's has full coverage of the proposed NYSE - Archipelago merger.
