NYSE and ArcaEx to Merge-- Writing in Financial Engineering News, Cynthia Harrington updates us on the NYSE and ArcaEx merger. While not exactly news, the report does have some interesting updates and would make excellent out of text book reading for any Instititions (or Money and Banking) class.
Highlight: Figure 1. It shows the amazing drop in average spreads since 1994. WOW! As late as 2000 the average spread was still 22 cents on the NYSE!