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In what some observers are calling "a stunning move" the New York Stock Exchange announced Wednesday that it will merge with electronic trading company Archipelago Holdings Inc. and become a for-profit, publicly traded enterprise. Archipelago chairman Jerry Putnam acknowledged that more people are choosing to trade electronically but said the merger will give investors a choice -- the traditional floor-auction model for which the NYSE is famous, or the electronic model.
April 22, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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