SIX’s Purchase of BME Boosts Presence but Tech Challenges Lie Ahead
Exchange partnership will deliver benefits of scale but rationalizing trading infrastructure will take time, say observers
The best acquisitions are symbiotic. Rather than a stronger entity imposing its will on the acquired, both teams bring something to the table that makes the combined unit a greater force in the market.
It will take time to gauge whether SIX Group’s €2.57 billion ($2.9 billion) purchase of Spanish equities exchange operator Bolsas y Mercados Españoles (BME) is an example of a well-formed partnership, but it’s a deal that SIX has been looking to close for a while. No matter what, it will create
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