Posted on 02/09/2011 10:04:04 AM PST by buzzer
NYSE Euronext and Deutsche Börse AG confirmed that they were in advanced merger talks, in a combination that would create one of the world's largest share- and derivatives-trading platforms.
Duncan Niederauer, chief executive of NYSE Euronext, would serve as CEO of the combined entity, according to a statement from the companies confirming the discussions. The company would have dual headquarters—in New York and Frankfurt—with an executive committee equally drawn from both organizations. Reto Francioni, Deutsche Börse's CEO, would become chairman and be based in Frankfurt.
No deal has yet been reached, according to the companies.
(Excerpt) Read more at online.wsj.com ...
Gawd did you nail it. THE strategic asset.
however, we live in a new world, new rules. Ingenuity can displace stodgy old bastions of capital quite effectively. The first knife in the heart of the NYSE was named "Island," after its birghplace: Long Island.
if the world were static, there'd be reason to panic. But, as things are fluid, there's only reason to be disgusted and pissed off. And those are great motivators.
Too big to fail means too big to succeed.
Most trading volume happens in dark pools now, anyway.
If anything, this is a sign of a near-term top in the market, and is not a marker of US decline.
Dream on. The “economy” is not local anymore. It’s global for a while.
well you said it - the very opposite of transparency, upon which the general prosperity and liberty of the last two centuries has been built.
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