Deutsche Börse and the New York Stock Exchange (NYSE) have agreed a $10 billion all-stock merger, creating the world's largest bourse. According to terms of the deal, Deutsche Boerse shareholders will retain 60% ownership of the combined entity, with NYSE Euronext shareholders holding the remaining 40%.
The combined market value of the two entities is in the region of $25 billion; the new exchange, according to market sources, is expected to generate annual cost savings of around US $400 million
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails