When was the last time a significant exchange merger came to fruition? Over the past year, all we’ve seen is the dissolution or outright rejection of prominent merger plans by regulatory bodies. The Australian government effectively denied a proposal to merge the Australian Securities Exchange and Singapore Exchange. Plans for the Toronto Stock Exchange (TSX) to unite with the London Stock Exchange (LSE) were scuttled when nationalistic feeling seemingly dissuaded the necessary two-thirds of voters from approving the deal. The most noteworthy by far – the highly anticipated cross-Atlantic “super-merger” between the New York Stock Exchange (NYSE) and Deutsche Börse – reached its own end when European regulators raised significant objections to the merged entity’s likely stranglehold on derivatives market share in Europe.
Posts Tagged: derivatives
Some implications of exchanges consolidation, by Lionel Sancenot
The world’s major stock exchanges are involved in another wave of mergers: Deutsche Boerse intends to pair up with NYSE Euronext, and the London Stock Exchange has announced that it is to combine with Canada’s TMX group. Meanwhile the takeover of ASX by Singapore’s SGX faces political opposition in Australia, but the two exchanges are [...]
