I didn't know you could buy a Stock Exchange! Imagine my surprise at seeing this headline. For me it was like an earthquake revelation ... and it must be true that I have been hiding under a rock.
Germany buys the NYStock Exchange for what " ... NYSE Euronext and Deutsche Börse agreed on Tuesday [Feb 15] to a $10 billion all-stock merger, combining two of the world’s biggest stock exchanges into a trans-Atlantic powerhouse. (SOURCE) ... "
Then I find out " ... Last week, the London and Toronto stock exchanges announced their own tie-up. In October, SGX, the operator of the Singapore stock exchange, said it planned to buy the Australian stock exchange. (NYT. SOURCE)... "
I understand one reason: smaller electronic groups are taking market share from the giant guys. So the combining of forces is multitudinousness for preserving market share. This is Richter scale of 'big shaking going down' as NYC Stock Exchange moves across the Atlantic in geologic subduction by which one tectonic plate moves under another tectonic plate, sinking into Earth's mantle till plates converge.
Now I know that Exchanges merge all the time. How about that?
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