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khalidadventure
After 219 years as a symbol of U.S. capitalism, the New York Stock Exchange (NYSE) took another step was taken over by Deutsche Borse AG, and become the largest financial market in the world.
Besides New York,the NYSE will melt the four exchanges in Europe to the Deutsche Borse. This takeover is a way so as not to miss the smaller exchanges are now quick to join. If an agreement is reached, the prestige of New York, as the central financial transaction, will fade because of investors from other countries can trade from their respective countries, at any time. "Wall Street will be very important, but not as a financial center,because the capital markets already exist everywhere," said Michael LaBranche, Director of LaBranche & Co, a company whose shares are traded on the New York Stock Exchange for 87 years.
Antitrust experts have warned the deal will hit the strictest regulations in the European mergers,Because the new shares will dominate stock trading and derivative transactions in the EU and America. As many as 60 percent of new stock shares owned by Deutsche Borse, and the rest of NYSE Euronext.
Merging the two exchanges to create a market capitalization of U.S. $ 25 billion (USD 225 billion),German Stock Exchange executive, Reto Francioni, will become
chairman, while the leader of NYSE Euronext, Duncan Niederauer will become executive director.
The headquarters will be divided exchanges in Frankfurt and New York. List of global stocks and trading will be based in New York, while the global derivatives transactions based in Frankurt.
While Paris became the basis of technology development and trading of European stocks. In 2006, Deutsche Borse NYSE Euronext beat when buying, based in Paris. In 2008 and 2009, Deutsche Borse and NYSE to discuss the possible merger, but failed due to internal disputes in the management of Deutsche Borse.
Besides New York,the NYSE will melt the four exchanges in Europe to the Deutsche Borse. This takeover is a way so as not to miss the smaller exchanges are now quick to join. If an agreement is reached, the prestige of New York, as the central financial transaction, will fade because of investors from other countries can trade from their respective countries, at any time. "Wall Street will be very important, but not as a financial center,because the capital markets already exist everywhere," said Michael LaBranche, Director of LaBranche & Co, a company whose shares are traded on the New York Stock Exchange for 87 years.
Antitrust experts have warned the deal will hit the strictest regulations in the European mergers,Because the new shares will dominate stock trading and derivative transactions in the EU and America. As many as 60 percent of new stock shares owned by Deutsche Borse, and the rest of NYSE Euronext.
Merging the two exchanges to create a market capitalization of U.S. $ 25 billion (USD 225 billion),German Stock Exchange executive, Reto Francioni, will become
chairman, while the leader of NYSE Euronext, Duncan Niederauer will become executive director.
The headquarters will be divided exchanges in Frankfurt and New York. List of global stocks and trading will be based in New York, while the global derivatives transactions based in Frankurt.
While Paris became the basis of technology development and trading of European stocks. In 2006, Deutsche Borse NYSE Euronext beat when buying, based in Paris. In 2008 and 2009, Deutsche Borse and NYSE to discuss the possible merger, but failed due to internal disputes in the management of Deutsche Borse.
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