NYSE Euronext – Deutsche Börse Merger: Let the dance go on!

Diego Valiante

ECMI Papers from Centre for European Policy Studies

Abstract: In this new ECMI Policy Brief, Research Fellow Diego Valiante offers his insights into the motivations, potential synergies and implications of the proposed merger between NYSE Euronext and Deutsche Börse, which he sees as a continuation of the intricate series of dances begun two decades ago between various exchanges worldwide and which now escalates at global level in the non-equity business. The author finds that the liberalization process and regulatory changes brought about by the financial crisis have revived this long-term process. Finally, Valiante points at the importance of following a dynamic approach in the merger test, which would induce the Commission to impose rigorous conditions to clear the deal. In an updated version, the Policy Brief comments on the merits of the competing bid recently launched by NASDAQ OMX and ICE on NYSE Euronext.

Pages: 10 pages
Date: 2011-03
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ceps.eu/system/files/book/2011/03/No%20 ... ergers%20updated.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.ceps.eu/system/files/book/2011/03/No%2018%20Valiante%20on%20exchange%20mergers%20updated.pdf [301 Moved Permanently]--> https://www.ceps.eu/system/files/book/2011/03/No%2018%20Valiante%20on%20exchange%20mergers%20updated.pdf)

Related works:
Journal Article: NYSE Euronext-Deutsche Börse merger: Let the dance go on! (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eps:ecmiwp:4360

Access Statistics for this paper

More papers in ECMI Papers from Centre for European Policy Studies Contact information at EDIRC.
Bibliographic data for series maintained by Margarita Minkova ().