The parent company of the New York Stock Exchange has agreed to be acquired by the operator of the Frankfurt stock exchange in a deal that will create the world’s largest financial markets company.
Deutsche Boerse AG’s $9.53 billion all-stock purchase of New York Stock Exchange parent NYSE Euronext created the world’s largest owner of equities and derivatives markets, and may spur additional mergers.
Deutsche Börse AG (FWB: DB1) is a marketplace organizer for the trading of shares and other securities. It also is a transaction services provider. It gives companies and investors access to global capital markets. Deutsche Börse AG is a joint stock company and was founded in 1993. The headquarters are in Frankfurt, Germany. Its market capitalization is $1.4 trillion and over 765 companies listed as of December 2010.
The New York Stock Exchange (NYSE) is the stock exchange located at 11 Wall Street in lower Manhattan, New York City, USA. The NYSE is the world’s largest stock exchange by market capitalization of its listed companies at US$13.39 trillion as of Dec 2010. NYSE Euronext, Inc. (formerly NYSE Group, Inc. and Euronext N.V.) (NYSE: NYX) is a Euro-American for-profit corporation that operates multiple securities exchanges, most notably New York Stock Exchange (NYSE), Euronext and NYSE Arca (formerly known as ArcaEx).
Euronext merged with NYSE Group on April 4, 2007 to form NYSE Euronext, the “first global stock exchange”.
Euronext was formed on September 22, 2000 following a merger of the Amsterdam Stock Exchange, Brussels Stock Exchange, and Paris Bourse, in order to take advantage of the harmonization of the European Union financial markets.
Nasdaq OMX Group (ticker: NDAQ) will be either a takeover target or a potential controlling player in what may be the final stages of U.S. exchange consolidation.
If Nasdaq bought the Chicago Board Options Exchange, Nasdaq could become exceedingly formidable, and be able to counterbalance the rise of Deutsche Börse.
See also …
BARRON’S Will Nasdaq Be Singing A Swan Song or a War Song?