Go Finance Reporting Frankfurt - German stock market operator Deutsche Boerse and NYSE Euronext, said it would work together to achieve the ambitions of the world's largest stock market.
His remarks came several hours after the London Stock Exchange and the Toronto Stock Exchange (TMX Group) agreed to merge. Rising stock market performance makes stock operator in the world get ready for this opportunity.
Plans have also expressed Singapore's stock exchange operator (SGX) who wants to equate the operations with the Australian stock exchange (ASX).
"This transaction will create the group's biggest stock exchange operator in the world to support derivatives and risk management business. It will also be where the owners of capital increased in value," said Deutsche Boerse and NYSE Euronext in their official statement, yesterday.
Both exchange authority is added, the global capital markets will benefit from the formation of this joint stock exchange operator that will be more efficient and transparent.
It also claimed the merger would create a rule that "more friendly" for the company and clients from around the world. In contrast to London and Toronto stock exchange that will focus on commodity trading of raw materials and energy sectors, the Frankfurt stock exchange and NYSE Euronext will target the financial sector.
"Currently we are conducting intensive talks, but the deal has not reached the final," said Deutsche Boerse.
"The battle between the stock market became apparent. Stock merger announcement shows that the movement of capital market more excited, "said Head of Capital Spreads Simon Denham.
NYSE Euronext is the operator of stock exchanges in New York, Paris, Brussels, and Amsterdam. That is, if the merger with Deutsche Boerse will make manifest the largest in the world, perhaps even the most liquid in terms of stock trading.
"The reunification of these stock groups will offer to our clients that we have a large scale, product innovation, operational and cost efficiency. We will also make changes in terms of technological solutions and other solutions," said a joint statement the Frankfurt stock exchange.
Based on preliminary information, the merger will allocate 59-60 per cent stake to Deutsche Boerse and 40-41 percent for the NYSE Euronext. For Deutsche Boerse, the merger is not the first time.
Previously existing exchanges in Frankfurt in cooperation with Euronext in 2007. Then join the NYSE Euronext operates the New York Stock Exchange.
Deutsche Boerse also had three times the bid to buy London's stock exchange operator, namely in 1998, 2000, and 2005, but all declined.
As for mergers between stock exchanges in London and Toronto that produced the new company will reach the 20 stock markets in Europe and North America. The new bourse operator to focus on the trade of raw materials such as copper and crude oil.
TMX Group currently operates the Toronto Stock Exchange, Montreal Stock Exchange and the Securities Exchange Calgary. The newly merged company's stock in London with TMX Group is LSEGTMX and make one of the major exchanges in the world with a total of 6700 registered company issuers.
"This will be a place for international companies from countries and emerging markets," said a joint statement the London Stock Exchange and TMX. (GoFinance)
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