Trading Volume Picks Up 7% and Drops 7%
February 12, 2013
That Atlanta-based operator of derivatives exchanges and clearing services is in the process of trying to acquire NYSE Euronext, parent of the New York Stock Exchange, for more than $8 billion. Its chief executive office, Jeffrey Sprecher, has promised that the combined company would seek reforms of market structure, with Duncan Niederauer and the NYSE taking the lead.
Former Securities and Exchange Commission chairman Mary L. Schapiro as well as market participants and analysts have expressed concern about the ability of public markets do properly “discover” the right prices for stocks, when more than 40% occurs off public exchanges.