The media frenzy surrounding the merger of the Archipelago Exchange and the NYSE is rather humorous. Where is Elliot Spitzer these days? The move in seat prices over the last 11 months from around the $970,000 mark to $4,000,000 is one of the best moves in the stock market this year. Has anyone figured out the "self-dealing" to run prices higher. There are entities who own 5, 10, 25, over 40 seats who have been buying more to run the price up going into the merger. Anyone figure out who was doing the selling?
Uninformed seat-holders maybe? Nawwwwww. Not a chance
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