Observing Current Commodity Prices
Deutcshe Boerse seems nearly inevitable at this point. What confused me slightly was NYSE reasoning for refusing the offer. Claiming that fears of antitrust related obstacles for passing a deal and concern that a consolidation with Nasdaq could mean job losses as overlapping functions of the exchanges would be aligned. The opportunity to have an Atlantic powerhouse by merging with the German exchange, according to NYSE, would help them expand and reach deeper into the European markets, while resulting in a lower unit costs, benefits that come from adding many new clients. I am watching this only because there seems to be a consolidation in stock exchanges happening right now. The Toronto and London Stock Exchanges were having talks earlier about possible collaboration, and so was the Australian and Singapore Exchanges. Those deals don't appear to be going through but keeping on eye out for emerging deals has been one of my goals. It is time intensive, but well worth the effort!