Global Economy

Euronext  + NYSE  = the first transatlantic stock market (the biggest in the world)

Euronext is second-largest stock market and it will be bought for 7.8 billion euros

Euronext CEO Jean-Francois Theodore think that there are a lot of benefits in this nerger:

+ the new stock market will connect stocks and options in New York, Chicago and San Francisco, Paris, Amsterdam, Brussels, Lisbon and London (netting system);

+ The common trading system;

+ More liquidity;

+ Huge economies of scale;

+ A netting system suppressing risk and reducing margins.
It means «all settlements in one single platform»!

The NYSE is the world’s largest stock market (the total capitalization of companies’ shares = 11,000 billion euros).

according to http://euronews.net

This entry was posted on Thursday, June 8th, 2006 at 6:36 pm and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.