We've heard about all the radical changes in store at the
New York Stock Exchange
, but has the effort to keep up with Wall Street's Young Turks gone to Big Board boss
About three weeks ago, Grasso began sporting the same peach-fuzz 'do as twentysomething
, the precocious chief of the successful
electronic communications network, the kind of pesky trading operation that has dragged the NYSE into hair-raising competition.
Even before Grasso's buzz cut, though, the two had more in common than you'd imagine. Here's our list.
- Both dream of running a private stock exchange.
Both stand to make a fortune if their exchanges go public.
Both are trying to put the
Nasdaq out of business.
Grasso wants to buy an electronic trading system; Andresen runs one.
Grasso wants to trade Nasdaq stocks; Andresen already does.
Grasso is considering after-hours trading; Andresen has had pre- and postmarket trading since last year.
Thus far, though, there are no reports of Grasso sightings in the
mosh pit or at an East Village tongue-stud shop, but there are some things he could do to make him fit in better among Andresen's crowd:
- Grow a goatee.
Become a unit of a brokerage that's being investigated by the U.S. Attorney's office.
Do you have any other suggestions for Grasso? Let us
know, and please include your full name.