Friday, June 02, 2006

NYSE and Euronext to Merge

Looks like consolidation in the Exchange space. And big changes ahead for World Markets:

The NYSE-Euronext deal could turn world markets upside down, spurring mass consolidations, threatening the future of open-outcry trading and perhaps even opening the way for a round-the-clock worldwide exchange. The acquisition would create a single platform where traders could deal in stocks, options, futures, commodities and corporate bonds across two continents — for up to 12 hours daily.

It sure would be cool to be able to trade actual European Stocks and not just the ADRs of them. Also the idea of the stock exchange being open 12 hours a day appeals to me because I don't have an hour or so to get trades in before the market closes. Seems like a good deal for both parties.

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