The New York Stock Exchange.

Fox News is reporting the story we published earlier this week, that the New York Stock Exchange is actively contemplating setting up a London-based rival to the New York Stock Exchange:

“NYSE Group Inc. (NYX) would consider creating a rival London exchange to compete with the London Stock Exchange for new listings, but had also not ruled out bidding for it … ‘There would be two options (if a combined NYSE/Euronext cannot compete for international listings),’ NYSE Chief Executive John Thain [said]. ‘The first of which would be to set up our own exchange in London. However, I would not rule out the other option (buying the LSE),’ he added.”