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New York Stock Exchange and Archipelago Exchange Agree to Merge — NYSE Group, Inc. Will Become a Publicly Held Company —
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Better serves investors and all customers ● Supports growth and competitive position of the Exchange and U.S. in the increasingly challenging global financial marketplace ● Creates a diverse platform for the trading of listed and over-the-counter equities, options and other derivative products including ETF’s ● Produces efficiencies, drives innovation, and creates new business and revenue opportunities ● Enables public to own shares in the world’s leading securities market
New York, April 20 – The New York Stock Exchange (NYSE) and the Archipelago Exchange (ArcaEx), with approval of their boards of directors, today announced that they have entered a definitive merger agreement that will lead to the combined entity, NYSE Group, Inc., becoming a publicly-held company. If approved by regulators, NYSE members and Archipelago shareholders, the merger will represent the largest-ever among securities exchanges and combine the world’s leading equities market with the most successful totally open, fully electronic exchange, creating long-term shareholder value.
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