Shares of NYSE owner fall as Morgan Stanley and Fidelity plan rival exchange

  • Shares of the company that owns the NYSE fall as some of Wall Street’s largest investors near the launch of a new, low-cost exchange.
  • Nine banks, brokerages and other firms including Morgan Stanley and Fidelity plan to launch the exchange early this year.
  • The launch of another stock exchange would come amid a mass migration toward cheap, no-fee investing options and exchanges across Wall Street.

(Source: CNBC)