Question Details
Will NYSE Euronext and Deutsche Börse merge?
kruijs in
Business
» Deals
Settled on 02/01/2012 18:58 Settled by
kruijshttp://money.cnn.com/2012/02/01/markets/nyse_euronext_deutsche_boerse/?source=cnn_bin
Predictions
Background
Deutsche Börse, which operates the Frankfurt Stock Exchange, and NYSE Euronext, which controls the signature exchanges in New York and Paris, said they were in advanced talks to create what would be the largest trading platform in the world measured by revenue.
Combining electronic trading systems is extremely complex, and political leaders have sometimes been reluctant to allow their national exchanges to pass into foreign hands. There may also be objections from antitrust authorities. While customers might benefit from the enormous liquidity of the combined exchange, regulators might worry about a lack of competition in the fees charged to conduct transactions.
Because both companies have long histories and are symbolic of their national financial systems, the deal could draw political as well as regulatory scrutiny. Spokespeople for the Securities and Exchange Commission and for JoaquÃn Almunia, the European Union competition commissioner, declined to comment on how they might react to a merger.
http://dealbook.nytimes.com/2011/02/09/nyse-euronext-and-deutsche-borse-in-merger-talks/
http://blogs.wsj.com/deals/2011/02/09/nyse-deutsche-borse-merger-the-full-statement/
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