Subject category:
Strategy and General Management
Published by:
IBS Research Center
Length: 23 pages
Data source: Published sources
Topics:
NYSE (New York Stock Exchange); Euronext; Cross-border merger; Regulation national market system; The Arcaedge; John Thain; Revenue synergies; Sarbanes-Oxley Act; Electronic communication network; Stock exchange; Horizontal market model; Derivatives trading; Federal cash market system; NASDAQ (National Association of Securities Dealers Automated Quotation)
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https://casecent.re/p/69458
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Abstract
In June 2006, the NYSE (New York Stock Exchange) decided to merge with Euronext NV, a cross-border stock exchange organisation in Europe and create the largest exchange in the world, with a market capitalisation of US$21 billion and an average daily turnover of US$100 billion. The transatlantic merger was set to create the world''s most liquid and global financial marketplace, and intended to offer unmatched benefits for investors and issuers across the globe. The strategic partnership also aimed to bring together two industry leaders on a common platform and establish market leadership position in diverse businesses like: (1) cash equities; (2) derivatives and futures; (3) listings; and (4) bond and market data. The case, while providing a broad overview of the two stock exchange companies, offers scope to discuss the synergies of the merger and the probable pay offs.
About
Abstract
In June 2006, the NYSE (New York Stock Exchange) decided to merge with Euronext NV, a cross-border stock exchange organisation in Europe and create the largest exchange in the world, with a market capitalisation of US$21 billion and an average daily turnover of US$100 billion. The transatlantic merger was set to create the world''s most liquid and global financial marketplace, and intended to offer unmatched benefits for investors and issuers across the globe. The strategic partnership also aimed to bring together two industry leaders on a common platform and establish market leadership position in diverse businesses like: (1) cash equities; (2) derivatives and futures; (3) listings; and (4) bond and market data. The case, while providing a broad overview of the two stock exchange companies, offers scope to discuss the synergies of the merger and the probable pay offs.