The trading activity has been solid, and the new money flows from clients have been outstanding.

Without that, Nasdaq was unwilling to increase its bid.

I still think there is big potential for consolidation across the Atlantic within the exchange space overall.

This deal makes a lot of strategic sense. It combines complimentary liquidity pools.

Whatever you've got, there's money for it,

Momentum investing is a very fast way to lose money in a bear market.