NYSE Euronext (NYSE:NYX) and Deutsche Boerse AG are attempting to create the largest exchange in the world. Will this renew an exchange operator consolidation frenzy like 2005-07?
First, this deal is not in the books. The deal requires shareholder acceptance and regulatory approval. Moreover, there are rumors CME Group (NASDAQ:CME) may make a hostile bid for the NYSE.
Regardless, global mergers and acquisitions are making a nice comeback from the economic crisis lows. Even IPOs are picking up. This means global exchanges are competing for listings. And as investors and traders have better access to global exchanges, operators will become commodities competing fiercely on listings and transaction prices.
Therefore, this could merely be the first deal in another multi-year run for exchange operators to shake hands and strengthen their pieces on the global chessboard. Here are other publicly traded exchanges to add to your watchlist (note: there are a lot of privately held exchanges to watch too):
- CME Group (NASDAQ:CME)
- CBOE Holdings, Inc (NASDAQ:CBOE)
- London Stock Exchange Group (LON:LSE)
- NASDAQ OMX Group, Inc. (NASDAQ:NDAQ)
- IntercontinentalExchange, Inc. (NYSE:ICE)
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