Links for Feb. 26, 2007

By: Ray Pellecchia

File Under: NYSE

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"NYSE-Nasdaq Battle Over Listed Flow Gets Rough" : "The Big Board's pricing move, its first major change in decades, is looking more and more like an opening volley. Subsequent tweaks and the expectation of more change suggest that Nasdaq's advantage may not last." (Traders magazine)

"Curbed aspirations; Squeezed by the NYSE and Nasdaq, the American Stock Exchange has 'one more shot' to get it right" : "Neal Wolkoff, the Amex's chief executive, is painfully aware of the exchange's status and hopes to change it. 'Your older brother is named the Big Board,' he said of the NYSE. 'What does that leave for you? To be the Little Board?'" (Los Angeles Times)

"Wrong Way? Street Signs Point to Speed" : "In fact, the last time stocks were being held for as short a period as they are now was 1929, when students of history may recall something happened to the market." (Wall Street Journal)

"The Striking Price: Fighting Over Pennies" : "But the most aggressive move has come from the New York Stock Exchange, through a pricing scheme that electronic rivals have used with great success to divert order flow from traditional exchanges." (Barron's)

"Exchanges Feasting on Swelling Activiity, But All Aren't Equal" : "The big stock exchanges are fighting back by cutting costs and coming up with new products. They are also exploiting advantages that come from their size and reputations. For example, exchanges can spread out high technology costs. By linking with Euronext, NYSE expects to save $250 million in technology costs." (Investor's Business Daily)