Nasdaq OMX Group competes with other exchanges like NYSE Euronext and Chicago Mercantile Exchange.
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Frankfurt already leads Europe's other exchanges in several areas of electronic trading, such as remote access.
Two other exchanges, www.tradesports.com and www.bluevex.de, are more like online betting sites.
Shares of other exchanges that specialize in commodities have also benefited from all the added attention on energy trading.
Three other exchanges, run by Cortal Consors, Postbank and Eurosport, are careful not to muddy the waters in this way.
Trading will resume on the other exchanges and in the over-the-counter market once trading has resumed on the primary listing market.
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Eighty percent of its volume changes hands directly across the Bats network, and the remainder is routed to other exchanges or ECNs.
Nasdaq, of course, has a fabled history of surpassing other exchanges as a unique home to start-ups with names like Intel and Microsoft.
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If the primary listing market has not reopened within 10 minutes from the initiation of the trading pause, the other exchanges may resume trading.
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Metique will also be linked to as many other exchanges as possible--mainly to those run by Commerce One, allowing even more outsourcing and transactions.
Spooked at the prospect of missing out, other exchanges are banging on the door: Italy, Sweden, Denmark and Switzerland are expected to join soon.
Under the rules, once a listing market issues a trading pause, the other exchanges are required to pause trading in that security on their markets.
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Kill switches are among MiFID proposals, and NYSE Euronext, NASDAQ and other exchanges informed the SEC Friday that they are ready for kill switches.
And it will become a listed, for-profit company without following the lengthy route, via de-mutualisation and a public offering, that has taken other exchanges years.
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It has extended its trading hours to match other exchanges, and it recently began allowing private investors to trade continuously in tiny packets of shares.
Other exchanges to benefit include Abson, Badminton, Marshfield, Rangeworthy and Wickwar.
He may also be keener to explore alliances with other exchanges.
Knowing that most players were looking at a delayed NYSE feed, anybody in the know could make easy arbitrage plays between the NYSE and other exchanges.
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Blum adds that since the CBOE is the playgorund of hedgers and speculators, its business tends to be less prone to market movements than other exchanges.
Privately, however, SIA attendees say what the merger really represents is the beginning of the end of the open-outcry auction system that makes NYSE and some other exchanges unique.
The study noted that in 2002 the exchange had one-third more new listings than in 2001, a total of 117 IPOs, despite a decline at virtually all other exchanges worldwide.
The markets on which a paused stock are listed would notify the other exchanges and market participants of the trading pause by immediately disseminating a special indicator over the consolidated tape.
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NYSE's margin of superiority over other exchanges has diminished.
There are servers synchronized with the New York Stock Exchange and other exchanges, but many banks are keen on keeping the crown jewels in the server closet not the server farm.
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"The cost efficiencies would be substantial, " muses Patrick Healy, president and chief executive of Issuer Advisory Group, which advises companies about the benefits and pitfalls of listing on NYSE vs. other exchanges.
"Either merger would make it more difficult for other exchanges to compete with LSE in trading UK equities due to both bidders direct control or influence over the provision of clearing services, " it added.
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In other exchanges, the first minister said that he did not want to see the devolution of broadcasting powers and would not be drawn on his government's plans for the eradiation of bovine TB.
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