Exchanges Heat Up
EXCHANGES
If you asked anyone two years ago what would be the hottest topic in the financial space in 2006, "exchanges" would have drawn laughs of disbelief. Not so anymore. Exchanges are heating up as they adapt to rapidly changing market structures, new IT infrastructures and possible mergers and IPOs that will reshape the industry.
Last month, the Nasdaq Stock Market bought a 15 perent stake in the London Stock Exchange (LSE) at a value of $780 million, according to early press reports. Earlier, Nasdaq
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