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Direct Edge and ISE Stock Exchange to Form Single Market

Traders Magazine Online News, August 22, 2008

Nina Mehta

Direct Edge and the International Securities Exchange, which operates the ISE Stock Exchange, today announced they would join forces to become a single U.S. equities market. The deal, which must be approved by the SEC, essentially swaps the ISE Stock Exchange for a 31.5 percent stake in Direct Edge.

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