US stock market deals get exchange heads thinking

While many observers have said that the merger of New York Stock Exchange (NYSE) and Archipelago, as well as Nasdaq's acquisition of Instinet, may prove to be the catalyst of consolidation among US derivatives exchanges, exchange executives gave muted responses to the blockbuster deals.

Exchange executives from International Securities Exchange (ISE), Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) all reacted with measured words last week when asked...