Consolidate to Accumulate: Exchanges Make Their Move
Spring is in the air and so too is love—at least among global exchanges. Deutsche Börse and NYSE Euronext announced their coupling, creating the world’s largest exchange, one day after the London Stock Exchange (LSE) declared it was in talks to woo Canadian group TMX, leading to a $3.2 billion merger shortly thereafter. Bats Global Markets merged with its European rival Chi-X Europe to create Bats Chi-X Europe, and is currently considering launching a stock market in the key South American
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