Whether it's 15 minutes to get to that solution or an hour and 15 minutes, we don't really care,'' David Ethridge, the senior vice president at NYSE Group Inc
NYSE Euronext is the first cross-border exchange group resultant from the merger of NYSE Group Inc
and Euronext NV on 4 April 2007.
He has also worked as executive vice president and chief financial officer of NYSE Euronext (NYSE: NYX) and its predecessor company NYSE Group Inc
, and was chief financial officer of Archipelago Holdings.
The Tokyo bourse decided to go public in order to secure more ways of fund-raising and flexibly conclude capital alliances with other stock markets amid the growing consolidation of exchanges worldwide, such as the merger between NYSE Group Inc
Last March, the NYSE purchased Archipelago Holdings and the affiliated Pacific Exchange for $9 billion and transformed itself into a for-profit public company called NYSE Group Inc
, trading under the ticker symbol NYX, according to a report in the San Francisco Chronicle.
As the matchmaking dance between some of the world's largest stock exchanges continued, Euronext's boards reiterated they currently prefer an offer from the NYSE Group Inc
The new entity, a holding company to be called NYSE Group Inc
The TSE decided to switch to a holding-company structure amid the global consolidation between stock exchanges, such as the merger agreement between NYSE Group Inc
But the recent acquisition of Euronext NV, the pan-European stock exchange operator, by NYSE Group Inc