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NYSE Seat Sold For $2.6m

Two New York Stock Exchange seats have been sold for $2.6m each, the NYSE said yesterday. The figure is an increase of $195,000 from July 6.

The record, set during the technology bubble in 1999, is slightly higher at $2.65m.

NYSE is currently trying to acquire Archipelage Holdings for its electronic-trading platform. At the same time, the exchange will go public.

Seat holders will receive $300,000 each in cash. Together the seat holders and exchange employees will end up with 70% of the combined NYSE-Archipelago company.


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