Blame Nasdaq? Well Blame the S.E.C. Too

While we are never one to throw peanuts from the cheap seats, the fact-of-the-matter is that publicly traded U.S. stock exchanges had a rough week from an operations standpoint. To put it lightly. After coming public in a reverse IPO by buying innovative trading system Archipelago in 2006, the formerly private New York Stock Exchange now publicly trades under the symbol NYX. Its New York cross town rival, the NASDAQ Stock Market, also offered shares to the public for the first time last decade in 2002, with investors now able to buy into its fairly stable earnings stream and steady free cash flow business by investing in shares of NDAQ.