In an effort to stay relevant amid a wave of exchange deals, the Nasdaq OMX Group is moving closer to a rival bid for NYSE Euronext, one that could break up the Big Board operator's planned merger with Deutsche Borse, according to people briefed on the matter.
While the show could benefit from more historical material and fewer didactic mockups — a third of the space is taken up with replicas of holding cells on San Francisco's notorious Angel Island — it succeeds in contextualizing waves of exchange and exodus, and in expanding the story of Chinese immigration.
The wave of recent exchange mergers, including the proposed union of the operators of the New York and Frankfurt stock exchanges, may not be over yet, as others seek ways to join the action.
This month, the rial plunged against the dollar in a wave of foreign-exchange selling by many Iranians who were worried that the value of their savings in rials was shriveling.
As the European exchanges link up and trading fees collapse, Greifeld expects trading volumes to increase rapidly and a wave of new computerized exchanges to spring up.
That company, created this week when the New York Stock Exchange merged with Archipelago Holdings, has made no secret of its intention to be part of the expected wave of consolidation among exchanges.
The deal comes amid a worldwide wave of consolidation among exchanges, and following persistent rumors of NYSE's interest in the Amex.
In normal times, you might expect a global financial meltdown to cause a tidal wave of foreign currency exchanged for dollars.
SINCE the Stockholm Stock Exchange paved the way in 1993, the world of bourses has been swept by a wave of "demutualisation", in which exchanges have become publicly held corporations.
A wave of consolidation among financial exchanges is being driven by similar forces.
