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Transcript: Analysis: New York Stock Exchange wants to sell shares of itself to the public in response to increased competition
- Article from:
- NPR Morning Edition
- Article date:
- July 27, 1999
- Author:
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Analysis: New York Stock Exchange wants to sell shares of itself to
the public in response to increased competition
Host: BOB EDWARDS
Time: 10:00-11:00 AM
BOB EDWARDS, host:
The chairman of the New York Stock Exchange, Richard Grasso, has confirmed
that the exchange wants to sell shares in itself to the public. Investors
soon may be able to buy and sell shares in the so-called Big Board
through the exchange itself, just as they now trade shares in Coca-
Cola or IBM. There's a simple reason for the move: competition.
NPR's Snighha Prakash reports.
SNIGDHA PRAKASH reporting:
The New York Stock Exchange is home to the old giants of American
...