The NYSE’s Long History of Mergers and Rivalries
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The recent announcement that Wall Street’s most iconic institution, the New York Stock Exchange, would be acquired by Atlanta-based IntercontinentalExchange Inc. seemed weighted with symbolism.
For one thing, it represented another marker in the decline of New York City as the center of global finance. It also suggested that the world of trading and exchanges was entering a uniquely modern age of technology-driven consolidation. You may recall, for example, the mergers that the NYSE conducted with Archipelago Holdings Inc. (2006), Euronext NV (2007) and the American Stock Exchange (2008).