While executives were finishing a deal to sell the New York Stock Exchange to a German rival, the NYSE was locked in a separate, smaller battle with three dozen competitors. The prize was the right to deliver shares of Coca-Cola stock to an investor who wanted 400 of them.About 8 billion shares trade every day in the United States, so this sale seems hardly worth mentioning, save for the telling outcome: The NYSE lost.
February 18, 2011 at 12:00 AM
1 minute read
While executives were finishing a deal to sell the New York Stock Exchange to a German rival, the NYSE was locked in a separate, smaller battle with three dozen competitors. The prize was the right to deliver shares of Coca-Cola stock to an investor who wanted 400 of them.
About 8 billion shares trade every day in the United States, so this sale seems hardly worth mentioning, save for the telling outcome: The NYSE lost.
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