February 15, 2011

NYSE Being Acquired by FrankFurt Stock Exchange Operator

The parent company of the New York Stock Exchange (NYSE) said on Tuesday February 15th, 2010 that its agreed to be acquired by Frankfurt Stock Exchange operator in a deal which would ultimately create the world's largest financial markets company. This new Development was first reported on a several days ago. The fact that the process is moving forward and an acquisition is underway, makes this deal, one to watch closely over the coming weeks. Read About this Story: NYSE Acquisition Details.

Not Quite Sure How I Feel About this Deal Yet. For 2 Centuries, the New York Stock Exchange has been a Symbol of American Capitalism and Free Markets. Now It is Being Sold to a German Company Which was Able to Put up Enough Cash. Should Some American Icons, be Protected from Acquisitions Such as the NYSE?

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