For the NYSE, an Exchange of Ideas

The Archipelago merger is about choices, says NYSE's John Thain, who discusses the deal and what comes next

John Thain, chief executive of the New York Stock Exchange, says his deal to buy the Chicago-based all-electronic Archipelago Exchange (AX ) is a win-win situation for everyone. Approved by NYSE members on Dec. 6, the combined exchange will give ordinary shareholders more choices on how to trade and give companies more choices for listing their stocks, he says. It will also strengthen the NYSE to do more deals as global consolidation and competition arise.

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