The purchase is certainly no bargain. That would suggest, to the extent they have ambitions for a significant merger, they are concentrating on the London Stock Exchange.
Benn Steil
The benefits will go to those that trade in size. But there's no doubt retail investors will benefit.
benefits doubt benefit trade
It's one significant step, but there are still a lot of hurdles to overcome.
overcome
The more securities you can get on a single platform, the more money you make.
money single
It's the U.S. Securities market's way to get back business we've lost.
business lost
I think whatever feelings they may have about the situation, each regulator is going to apply its own rules.
rules feelings situation
He made some mistakes on the growth side.
mistakes growth made side
Pressure will start coming again from the industry when it becomes clear that it could cut their regulatory compliance costs by having to deal with fewer regulators.
pressure start industry
The prospect of a trans-Atlantic exchange is no longer just talk.
talk
ambitions london
The purchase is certainly no bargain.
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