The LSE is also said to be in talks with Euronext, Europe's Nasdaq-equivalent electronic exchange.
He merged NYSE with Archipelago, an electronic exchange, and then last year with the Parisian Euronext.
Some think it helps explain the NYSE's eagerness to merge with an electronic exchange.
But imagine a vast electronic exchange on which literally millions of bids and offers are constantly flickering.
The electronic exchange, born in early 1997 as an electronic communications network, also been feeling the competitive heat.
LIFFE, which had been in the process of building a shiny new trading-floor, has become an electronic exchange.
Morgan and Morgan Stanley and Instinet (an electronic brokerage), last month bought control of Tradepoint, a British electronic exchange.
International Securities Exchange, , an electronic exchange that trades options, among other products, is up 39% since its March 2005 debut.
It merged with Chicago-based electronic network Archipelago Holdings last year and is set to acquire Europe's big electronic exchange, Euronext.
The main driver: competition from Euronext.liffe, the all-electronic exchange from the Continent.
He will also join the management committee of the NYSE-Euronext entity once the deal for that European-based electronic exchange is completed this spring.
But is designed to support the evolution of this marketplace which may, one day, allow for some form of electronic exchange to emerge.
Qiagen, a biotechnology company backed by a consortium of venture capitalists, showed the way last year when it listed on America's electronic exchange, Nasdaq.
Bill Porter who took options onto an electronic exchange, the ISE, and the law firms which protect the intellectual property that make innovative financial firms profitable.
Late Wednesday, the exchange's chief executive announced a deal to merge with Archipelago , the 8-year-old Chicago-based electronic exchange that specializes in over-the-counter, options, exchange traded funds.
It has searched for alternative methods of growth and has acquired European electronic exchange Euronext in 2006 to form a combined entity which is now known as NYSE Euronext.
FORBES: Fatter Margins For NYSE Euronext From Deutsche Boerse Merger
An example is virt-x, a small electronic exchange for European blue-chip shares which offers clearing and settlement alternatives: nearly all the liquidity has migrated to just one of them.
ECONOMIST: Post-trade concerns could hamper a pan-European solution
International Securities Exchange, (nyse: ISE - news - people ), an electronic exchange that trades options, among other products, is up 39% since its March 2005 debut.
Though ExactTarget is likely to be the headliner this week, there are two other deals that also could draw interest: payment processor Vantiv Inc. and electronic exchange BATS Global Markets.
IDB, last year launched an electronic exchange for Treasuries.
So there is no problem about who clears and settles in the proposed mergers between the New York Stock Exchange and Archipelago, an electronic exchange, or between Nasdaq and Instinet, another electronic exchange.
ECONOMIST: Post-trade concerns could hamper a pan-European solution
Nasdaq Stock Market Inc. (nasdaq: NDAQ - news - people ) is said to be exploring the purchase of Instinet Group , the electronic exchange currently majority-owned by Reuters PLC .
Later this month, the New York Stock Exchange will finalize its merger with Chicago-based electronic exchange Archipelago Holdings and emerge as a publicly traded NYSE Group with a far heavier emphasis on electronic trading.
The animosity was so bad that Archipelago, a Chicago-based electronic exchange, had filed complaints with the SEC against the NYSE for ignoring superior stock quotes offered elsewhere up to thousands of times a day.
In 1971, Nasdaq was the first electronic exchange and, as I wrote in February, since 2000 the number of fast, low cost electronic exchange start-ups has more than doubled from 20 to 50.
Then the two companies sold the whole thing in 1997 when it became clear that customers were unwilling to post their trading positions on an electronic exchange owned by two of their largest competitors.
Atlanta electronic exchange Intercontinental Exchange has managed to take more than a quarter of the market share in just over a year and is urgently trying to find a partner to expand its business more.
Last September, the New York brokerage Cantor Fitzgerald teamed up with the New York Cotton Exchange to develop an electronic exchange to trade American government-bond futures, striking at the core of the Board of Trade's franchise.
ECONOMIST: Chicago��s ancient futures exchanges are showing their age
Fed up with the exchange's sluggishness and the lack of progress to a pan-European exchange, a bunch of the biggest players are proposing to put their money into a reinvigorated Tradepoint, as a form of electronic exchange.
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