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Thursday, February 10, 2011

Wall Street FOR SALE?

direct from February 10th's Wall Street Journal:

"After 219 years as the citadel of American capitalism, the New York Stock Exchange was near an agreement to be acquired by Deutsche Börse AG in a deal that would create the world's largest financial exchange. With the parent of the New York Stock Exchange and Germany's Deutsche Borse in advanced talks to merge, Aaron Lucchetti and Dennis Berman look at the likely impact on Wall Street as the financial capital of the world.
If a deal is reached and regulators approve, the combined company would trade more stocks and futures than any rival in the world and more options than any U.S. exchange.



what does this mean for the status of New York's "Financial Capital of The World" status? It 'seemed' to be that the NYC area was slowly climbing back ... but the possible NYSE Merger? This is pretty huge and interesting.... stay tuned. Will definitely follow up with this story......

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