The two major U.S. stock exchanges plan to merge to become the world's largest securities trading company
The two major U.S. stock exchanges plan to merge to become the world's largest securities trading company New York-Euronext may be the US raw materials trading platform”…
NYSE Euronext may be acquired by US raw materials trading platform Intercontinental Exchange. The US$8.2 billion acquisition plan has been approved by the supervisory boards of both parties and is expected to be completed in the second half of 2013. The combined company will become the world's largest securities trading company. The plan must also be approved by shareholders and antitrust regulators. Earlier this year, EU antitrust authorities rejected a planned merger between the New York Stock Exchange and Deutsche Boerse. NY-Euronext has exchanges in New York, Paris, Brussels, Amsterdam and Lisbon. The focus of Intercontinental Exchange is on options and futures business related to raw materials trading.
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