Why Stock Exchanges Are Scrambling to Consolidate
Apr 11, 2006
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By Knowledge@Wharton.com
The Nasdaq Stock Market's offer earlier this month to buy the London Stock Exchange is just the latest step in a long industry-wide evolution that includes consolidation, automation, and conversion of privately held exchanges into public ones. Nasdaq is hardly alone in its attempt to expand. Wharton faculty examine Nasdaq's bid, other possible stock exchange combinations, and the changing role of institutional investors.