New York Exchange targets London counterpart

THE New York Stock Exchange is understood to be considering launching a bid for its London counterpart.

John Thain, the chief executive of the New York Stock Exchange (NYSE) was this weekend reported to be consulting advisers about whether to table a counter bid for the London Stock Exchange, according to Sunday newspapers.

However, the group is understood to be at least six weeks away from making an offer, having just floated on its own market.