Global Stock Market Merger

“[The NYSE] will be well-positioned to participate in the [global stock market] consolidation I think is going to take place both in the United States and particularly in Europe. I would expect us to play a leading role in the consolidation of the industry.”

John Thain, CEO, NYSE.

Peter Thal Larsen, “NYSE says it is ready to consider further mergers,” Financial Times UK, 1/27/06.