SEC approves NYSE merger

News

The US Securities and Exchange Commission (SEC) has cleared the New York Stock Exchange (NYSE) merger with Archipelago next month, opening the way for its transformation into a for-profit company. The NYSE provides one of the largest markets for structured products in the US.

March 7 will see the NYSE merge with Archipelago, an electronic exchange, to form NYSE Group, a listed company. The exchange's regulatory functions will be split off to form a new non-profitmaking company called NYSE Reg

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