Saturday, April 15, 2006

NYSE discusses "strategic transaction".

Reuters reports that the New York Stock Exchange is currently reviewing a strategic transaction, one that could include the hotly pursued London Stock Exchange. Nasdaq has recently acquired a stake in the LSE, but some have criticized the logic of the move in light of how it will affect the Nasdaq's balance sheet.

Consolidation continues to move forward in the financial exchange sector. For an earlier look at the trend, please see the following post from March 15.