Split into two sections, "Philippines: An Archipelago of Exchange" explores both the archipelago's diverse Austronesian roots in its mountainous regions and its rich maritime history as a Pacific trading hub.
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.
Later this month, the New York Stock Exchange will finalize its merger with Chicago-based electronic exchangeArchipelago Holdings and emerge as a publicly traded NYSE Group with a far heavier emphasis on electronic trading.