NYSE, exchanges discuss global market

Wednesday June 07 by Claudia bourneusatoday
The New York Stock Exchange and seven other bourses including Euronext, the merger of bourses in Paris, Amsterdam and Brussels, are in talks to form a stock market that would be open around the world 24 hours a day. NYSE and Euronext are discussing the venture with the Tokyo Stock Exchange, Hong Kong Exchanges and Clearing, the Australian Stock Exchange, the Toronto Stock Exchange and the main Mexican and Brazilian exchanges. The venture would focus on the biggest companies in Asia, Europe and the USA, such as Sony, France Telecom and General Electric, and it would trade using a common link between each national bourse's trading system. Exchanges are merging and forming alliances as investors look beyond national borders and institutions demand cheaper, more efficient cross-border trading.

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