Who Will Get the Parachute?
BEFORE THE SPIN
As far as electronic trading goes, last week was one for the record books.
For starters, exchanges are on fire. While the London Stock Exchange (LSE) was mulling offers from Nasdaq, the Tokyo Stock Exchange (TSE) unveiled an aggressive, $500 million IT plan, Nasdaq took steps to accommodate Brut, Amex announced a demutualization effort, and the Hybrid System of the NYSE got official approval. It is definitely the beginning of the end of open outcry as we know it.
Almost underscoring the rush to
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