NYSE Talks Could Lead to More Consolidation

NYSE Group Inc., operator of the New York Stock Exchange, on Wednesday said it was in talks with other exchanges that may result in an acquisition or partnership.

The statement, made in an amended filing with securities regulators, came two days after the London Stock Exchange -- which has turned away a handful of suitors in the last few years -- issued a statement saying it had not received an approach from NYSE Group after media reports linked the two exchanges.

NYSE, formed in March when the Big Board and electronic exchange Archipelago combined, on Wednesday said, “We are currently engaged in discussions with certain significant industry participants.” The filing echoed statements by Chief Executive John Thain, who has said the NYSE wants to play “a leadership role” in the industry’s consolidation.

The company said it started talks because it expected further consolidations and strategic transactions in its industry. “We intend to continue to pursue domestic and international acquisitions,” the NYSE said.

NYSE did not disclose names, and cautioned, “We are unable to determine at this time whether discussions with any party will result in our making a formal proposal or reaching a definitive agreement.”