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Day: December 28, 2020
NYSE to merge with Archipelago; NASDAQ to buy InstinetNYSE to merge with Archipelago; NASDAQ to buy Instinet
Sunday, April 24, 2005 New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group. […]