The Philadelphia Stock Exchange, in another sign of declining profitability of Wall Street trading, canceled a rebate program today that had helped the exchange compete for options business.
In the blue corner is the Big Board, the 200 year-old exchange competing against the twenty something organization that once billed itself as "The Stock Market for the next 100 years".
In the last several months, the Frankfurt and Paris stock exchanges competed in proposing mergers with London.
In contrast to the days when the New York Stock Exchange competed only with the Nasdaq, today there are 13 public exchanges competing in a fast-changing and low-margin business.
Poloniex has been around for years and used to be one of the biggest exchanges out there — there are now many exchanges competing with Poloniex.
SEHK, as one of the top global exchanges competing with the New York Stock Exchange (NYSE), has been criticized for not being as comparable in terms of reporting frequency as even emerging markets such as China's Shanghai and Shenzhen Stock Exchanges.1 Hong Kong and mainland China have very close economic ties and SEHK relies heavily on Chinese companies for new listings.
That's why the exchanges compete ferociously with each other for every new listing.
Since announcing plans to go public, Facebook officials have threatened underwriters, people at the major stock exchanges competing for the company's listing, and consultants with immediate termination if they break the code of silence.
Both exchanges have competed hard to claim Twitter as a client.
In the last two years, stock exchanges have competed to build economies of scale by striking deals at home and abroad.
And in a crisis some diversity in the system tends to enhance stability.Nor should investors be particularly impressed by the DB-NYSE argument that Europe must have a unified exchange to compete with large or quickly growing exchanges in Chicago, Hong Kong and Brazil.
