NYP Says NYSE Will Be Sold, CNBC Report Says Not So Fast

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Mark Melin
Published on
Updated on

CNBC could lose its primary television set on Wall Street, as the sale of the New York Stock Exchange (NYSE) – including its historic trading floor – is likely to occur in 2015, according to a Sunday New York Post report. ICE laying the ground work for NYSE sale The owner of the “big board,” derivatives exchange operator Intercontinental Exchange (ICE), is reported to be laying the ground work for the sale. The NYSE has struggled to maintain its once dominate profitability after “dark pools” were allowed by regulators to trade stocks and compete with the once dominate institution. Not…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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