posted on Dec, 12 2006 @ 12:09 PM
THe exchanges are hot items in the investment world right now.
The NYSE has made a recent acquisition and the NASDAQ is just trying to keep up and not lose any competitive advantage to the NYSE.
The New York Mercantile Exchange just went public on Nov 17 2006 and was up over 100% the first day. The Chicago Mercantile Exchange went public in
2003 and is up over 1000%. The NYSE and NASDAQ have both had several hundred percent moves in their stocks since going public. Growth through
acquisitions is needed to justify these overinflated stock prices and thats why NASDAQ is trying to buy the London exchange.