Philadelphia Stock Exchange (PHLX) has decided to look for
partners and alliances in the aftermath of the Archipelago/New
York Stock Exchange (NYSE) and Nasaq/Instinet deals, its top
executive said at the recent Options Industry Conference.
Sandy Frucher, PHLX chairman and CEO, said he was looking to
forge deals in the coming months, before the Arca/NYSE merger
takes root in stock execution and, later, options.
"The issue now is not necessarily a merger, it is
reinvention - which probably comes from strategic alliances in
a number of forms as opposed to simply a merger," Frucher said
at the conference in Bonita Springs, Florida.
"Yes, there is a window of opportunity now to create
strategic alliances because of the reconsolidation of the
duopoly [Archipelago/NYSE and Nasdaq/Instinet]. The marketplace
is screaming for alternatives so that there can be robust
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