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The New York Stock Exchange, a symbol of American capitalism for more than two centuries, may soon have new owners — in Europe.
The exchange, facing pressure from electronic upstarts that have taken business away from it, said on Wednesday that it was in advanced talks on a merger with the operator of the Frankfurt Stock Exchange. A deal would create the world’s largest financial market, with a presence in 14 European countries as well as the United States.
Global Stock Exchanges Are Headed for Major Consolidation
Germany's Deutsche Boerse is in advanced talks to buy NYSE Euronext, and the London Stock Exchange has agreed to buy Canadian stock market operator TMX, as exchanges globally look for ways to boost their markets and cut costs.
Originally posted by ziggy1706
interesting..could this be the end of the dollar, and the introdcution of the Euro to americans? change our currency?
Originally posted by DimensionalDetective
I'm surprised no one has caught onto this story as of yet...
Well. Its a logical thought but it can work both ways. Maybe they are preparing a disaster recovery site by having facilities in Germany and US when things should go wrong due to any number of reasons.
Originally posted by Shenon
There is also the Rumour in the News here in Germany that the Business will be transfered to New York if this suceeds.
I have a very,very bad Feeling about this. In my Mind this could crash our Economy if the Dollar goes down,or they could weaken the Euro to push the Dollar.