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Originally posted by soficrow
Now, the NYSE is privately owned. Presumably by the companies whose interests it markets.
Originally posted by djohnsto77
Originally posted by soficrow
Now, the NYSE is privately owned. Presumably by the companies whose interests it markets.
It was always privately owned, but it was a nonprofit organization owned just by its members. Now it will be a publicly traded for-profit company.
Originally posted by djohnsto77
As far as its own finances, they'll probably be more accessible after the merger than before, since it'll be a public company.
As far as its oversight of stock trades, I think I read that its internal monitoring and investigation group will be spun off into a separate company that will remain nonprofit.
Originally posted by soficrow
If so, then monitoring and investigations would presumably be independent and more ...reliable, right?
Originally posted by djohnsto77
I'm not sure what else they really do internally now.
Originally posted by soficrow
Hmmm. I think the NYSE used to be responsible for monitoring acquisitions and takeovers to prevent the creation of monopolies.
Could be wrong tho.
Originally posted by djohnsto77
Originally posted by soficrow
Hmmm. I think the NYSE used to be responsible for monitoring acquisitions and takeovers to prevent the creation of monopolies.
Could be wrong tho.
No, the government has always been responsible for stuff like that.
Originally posted by soficrow
Right, that makes sense. ...But monitoring based on info provided by the NYSE, yes? Or now, that would be the independent monitoring and investigations non-profit agency who provides the info?