One World Economy: " Business Stock markets Deutsche Börse merger with NYSE Euronext could lead to more tie-ups"

The German Stock Exchange's merger with NYSE Euronext is expected to lead to further consolidation of the world's bourses. Photograph: Bernd Kammerer/AP

 

The consolidation of the world's most important stock exchanges could accelerate after the merger of Germany's Deutsche Börse and the New-York based NYSE Euronext, according to the head of Deutsche Börse.

Chief executive Reto Francioni told Swiss newspaper NZZ am Sonntag the planned acquisition of NYSE Euronext could eventually include other players. He said: "The main point of the targeted fusion with NYSE Euronext is that each spot market remains independent. One could also include Spain or Switzerland."

Deutsche Börse and NYSE Euronext agreed plans to create the world's largest bourse in February, a deal through which the German operator owns 60% of the group.

The merger is part of a wave of tie-ups in the increasingly competitive and global exchange world. It will create a group that dominates exchange-based European derivatives trading, spanning the US, Germany, France, Britain, the Netherlands, Portugal and Belgium.
http://www.guardian.co.uk/business/2011/apr/10/deutsche-bourse-merger-nyse-euronext-could-expand