John A. Thain
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John A. Thain Thain John Thain
The New York Exchange's chief executive, John A. Thain, has made no secret of his desire to be a leader in the consolidation of the world's markets. Now that John Thain has his currency, Nasdaq is concerned, they will go pursue global consolidation. Other exchanges have seen London as an attractive target. For Mr. Thain, losing this chess piece to Nasdaq is a big deal. A person close to the London Stock Exchange said New York had not made any formal overtures toward bidding for the exchange.