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NYSE Euronext Needs a Plan, Fast

By Jim Cramer

About this article:
Sometimes a market is just so repulsive that it loses adherents by the day. This stock market has become that kind of market. We have so many stocks trading so randomly and with so little conviction that it seems like the public has just vanished. It seems like the lack of interest is so palpable that we are back in another era, when the market just didn't register on peoples' minds. The greatest tell of that is the endless decline in a stock I once liked, NYSE Euronext. You may have read that the low-cost trading marketplace Bats Trading just got approval by the SEC for being a securities exchange. This company, out of nowhere, has taken 10% of the market. And Nasdaq OMX Group continues to take share, too. It looks like that what has happened at NYX is that attempts to modernize have failed, and the...

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