SEC OKs Merger of NYSE, Archipelago
SEC OKs Merger of NYSE and Archipelago; Deal Will Give Big Board High-Tech Trading Capabilities

SEC OKs Merger of NYSE and Archipelago; Deal Will Give Big Board High-Tech Trading Capabilities
The SEC on Monday approved the merger of the New York Stock Exchange with electronic rival Archipelago Holdings, a deal that will transform the Big Board into a for-profit company. It was the final hurdle for the deal.
Federal regulators have approved the merger of the New York Stock Exchange with electronic rival Archipelago Holdings Inc., the final hurdle in a market-shaping deal that will transform the 213-year-old Big Board into a for-profit company.
WASHINGTON (AP) — U.S. federal regulators have approved the merger of the New York Stock Exchange with electronic rival Archipelago Holdings Inc., a market-shaping deal that will transform the 213-year-old Big Board into a for-profit company.
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The Securities and Exchange Commission announced its approval of the $9 billion transaction, which will give the NYSE - already the world’s biggest stock exchange - new, high-tech trading capabilities and an estimated 49 percent of the market in stock trading.
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