7 investment banks in plan to create a pan-European equities trading platform
Merger talks between the Borsa Italiana and the Deutsche Borese are seemingly off.The Italian exchange reports that in the last few days it reiterated its desire for a federal European exchange project, based on an industrial plan and balanced corporate governance structure.However, “Deutsche Boerse last night communicated that it does not completely share these principles,” […]
International Securities Exchange Holdings Inc. today reported record third quarter earnings, up 66.3% to US$14 million.Total revenues for the quarter increased 30.3% to US$50.1 million versus US$38.4 million in the prior year. Gross margin, or total revenues less cost of revenues, increased 31.8% to US$44.5 million from US$33.7 million in the third quarter of 2005. […]
Jointly owned unit to trade structure products
The NYSE Group Inc. and Euronext NV say they are open to a merger with other European exchanges. In response to a press release issued by Deutsche Borse AG on Friday indicating that it has unilaterally decided to notify the European Commission of its intention to acquire Euronext, the exchanges issued a statement of their […]
Consoldiation would offer advantages
The Tokyo Stock Exchange Inc. and the Korea Exchange Inc., signed a memorandum of understanding on a so-called “ Market Alliance Project” , which will see them collaborate to facilitate more cross-border capital flows.The purpose of the MOU is to set forth a framework in which the two exchanges will cooperate with each other, “ […]
Brokerage firms to get a voice on board of directors
Many forms of cross-border mergers would not result in mandatory registration of a non-U.S. exchange
Brazilian exchange to close early when soccer team plays