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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Dec.08
10:40 PM ET
Monday, 8 Dec 2008
Buy Exchange Stocks Before They Buy Each Other

Following a day where exchange stocks soared, fueled in part by speculation of mergers within the group, are they still a buy?

Exchange stocks have been cut down so far this year on concerns that a prolonged bear market will slow trading activity.

Jon Najarian recommends several of the big name exchanges including NYSE Euronext [NYX  Loading...      ()   ], Chicago Merc [CME  Loading...      ()   ], Nasdaq [NDX  Loading...      ()   ] and ICE [ICE  Loading...      ()   ].

"I'm long all of these, because I do believe deals are going to happen", said Najarian.

He sees intense competition for who will win the credit default swap market and do it on an exchange.

That would be a huge part of the strategy for NYSE Euronext to put together the U.S. component with the European component in CDS, according to Najarian.

"If the NYSE Euronext deal came together, then I think that forces CME Group to do something similar with NASDAQ.", added Najarian.


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Macke Owns (SSO) (WMT) (DIS) (MCD);
Adami Owns (AGU) (BTU) (C) (GS) (INTC) (MSFT) (NUE);
Pete Najarian Owns (FCX) (NUE) (SBUX)  (STX) (UYG) And Is Short (FCX) (NUE)Calls;
Seymour Owns (AAPL) (BAC) (EEM) (F) (MER) (SBUX);
Jon Najarian Owns (CME) (NYX) (ICE) (NDAQ)

© 2009 CNBC.com

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