Seat holders on the New York Stock Exchange yesterday overwhelmingly voted to approve a merger with electronic exchange Archipelago, as reported in USA Today. Owners of the NYSE’s 1,366 seats will surrender them in exchange for shares in a new corporation, NYSE Group. Earlier Tuesday, Archipelago shareholders also approved the merger.A seat on the exchange currently goes for $4 million. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe The vote is part of a larger trend in the exchange marketplace. Over the past year, shares in the NYSE’s chief competitor, Nasdaq, have soared. In the past year, Nasdaq stock has gone from less than $7 to its current $40.26, and shares in the Chicago Mercantile Exchange and the Toronto Stock Exchange, which also went public in recent years, have outperformed the market as well. –David Rosenbaum Related content news CIO Announces the CIO 100 UK and shares Industry Recognition Awards in flagship evening celebrations By Romy Tuin Sep 28, 2023 4 mins CIO 100 IDG Events Events feature 12 ‘best practices’ IT should avoid at all costs From telling everyone they’re your customer to establishing SLAs, to stamping out ‘shadow IT,’ these ‘industry best practices’ are sure to sink your chances of IT success. By Bob Lewis Sep 28, 2023 9 mins CIO IT Strategy Careers interview Qualcomm’s Cisco Sanchez on structuring IT for business growth The SVP and CIO takes a business model first approach to establishing an IT strategy capable of fueling Qualcomm’s ambitious growth agenda. By Dan Roberts Sep 28, 2023 13 mins IT Strategy IT Leadership feature Gen AI success starts with an effective pilot strategy To harness the promise of generative AI, IT leaders must develop processes for identifying use cases, educate employees, and get the tech (safely) into their hands. By Bob Violino Sep 27, 2023 10 mins Generative AI Innovation Emerging Technology Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe