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Article: NASDAQ, NYSE MERGER RUMORS POINT TO TROUBLES.(Business)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- December 26, 2003
CopyrightCOPYRIGHT 2003 The Cincinnati Post. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bill Atkinson Baltimore Sun
Stock prices are soaring and generous year-end bonuses are putting a rosy glow on the cheeks of Wall Street traders, but behind all of the good cheer, America's securities markets are in crisis.
Nasdaq, which framed itself in the 1990s as the high tech market of the future, is in decline while the New York Stock Exchange, the granddaddy of them all, is being forced to deal with mounting demands for reform of a system designed to reward good-old-boy trading specialists more than investors.
The dilemmas of both markets came into focus this week with a widely echoed media report that Nasdaq and the NYSE had begun ...