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The Irish Stock Exchange - 10-Dec-2009

The Irish Stock Exchange

The Irish Stock Exchange does not intend to merge with a larger rival because it would be swallowed up, chief executive Deirdre Somers has told a Dail committee. Ms Somers was replying to questions from TDs about the future of the exchange and whether it should move to a format that would allow it to trade 24 hours a day, seven days a week.

Smaller exchanges tend to disappear if they merge with large exchanges, Ms Somers said. - Irish Independent.
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