The New York Stock Exchange is poised to undergo one of the biggest changes in its history. Announced on Wednesday, April 20, the exchange will merge with an electronic-trading company and will move from a not-for-profit privately held organization to a publicly-traded company.
What will these changes mean for the Exchange, for the business world, and for the average investor?
Recent Coverage:
Friday, April 22
Web Exclusive: The history of change on Wall Street In this web exclusive interview, Marketplace host David Brown talks with business historian John Steele Gordon about the proposed changes at the New York Stock Exchange. Gordon says change is nothing new for the Exchange.
Thursday, April 21
Wall Street reacts to merger The New York Stock Exchange is acquiring an electronic trading firm. What are the reactions to the news? Alisa Roth has reactions from Wall Street.
Wall Street goes binary Will the NYSE's merger with an electronic-trading company mean the end of the iconic pictures of traders screaming and yelling at each other? Marketplace's Bob Moon reports on why the move is being made.
The meeting of 1366 Down on Wall Street, members of the stock exchange will meet and discuss the merger. These are the so-called seat holders -- all 1,366 of them -- that include many of Wall Street's largest firms as well as small family-owned businesses that have worked at the NYSE for generations. Marketplace's Alisa Roth reports.
Wednesday, April 20
The NYSE goes private The NYSE will merge with electronic-trading firm Archipelago Holdings to create a for-profit company. Many wonder if this is the beginning of the end of the old system of face-to-face trading. David Wells from the Financial Times talks to host David Brown.
Last June, Marketplace host David Brown journeyed to Wall Street, the to Ground Zero of the financial investing -- the floor of the New York Stock Exchange. Listen to his report from the floor.
Sound Money, October 23, 2004. Who bought stocks in '29 - and what happened to them after the market crashed? What's been done to prevent it from happening again - or could it happen again? How does the '29 crash affect investing, even to this day? How safe is our money today?
Last June, Marketplace host David Brown journeyed to Wall Street, the to Ground Zero of the financial investing -- the floor of the New York Stock Exchange. Listen to his report from the floor.
Sound Money, October 23, 2004. Who bought stocks in '29 - and what happened to them after the market crashed? What's been done to prevent it from happening again - or could it happen again? How does the '29 crash affect investing, even to this day? How safe is our money today?
