Brokering Deals With Exchanges

摘要

Hot cakes, get your hot cakes! CEOs of regional stock exchanges might as well be standing on a street corner hawking Philly cheese steaks or Boston funnel cakes judging from the recent flurry of deals with brokers. Since June, the Philadelphia Stock Exchange sold equity stakes to six broker-dealers to make markets on its electronic options trading platform. Separately, the Boston Stock Exchange put together a joint venture with four securities dealers to own and manage an electronic stock exchange. And, the Chicago Stock Exchange and the National Stock Exchange are working on similar deals, officials at those exchanges indicate.