US to buy Foreign exchanges

Did a search on Euronex and didn't find this mentioned anywhere...

NYSE Group Inc. The operator of the New York Stock Exchange is proposing to buy Euronex. Euronex is the operator of the Paris, Amsterdam, Brussels and Lisbon exchanges. NYSE Group Inc. is being opposed by Deutsche Börse, the operator of the Frankfurt exchange. Deutsche Börse is also trying to acquire Euronex.

At the same time, NASDAQ inc. is attempting to purchase the London Stock Exchange. the LSE is already 25% owned by NASDAQ and the LSE is signaling that they are happy to be taken over by NASDAQ.

Just curious if anyone has thoughts on this matter. It would seem to be an extension of American power to be the owner and operator of the New York Exchange, the NASDAQ, London, Paris, Lisbon, Amsterdam and Brussels. In terms of Finance that is owning almost all of the major exchanges in the Western world. If someone wished to have financial dominance of Europe and America, this would be a very good step in that direction.

[edit on 22-5-2006 by Helios Barca]

Interesting, good thing you notice, those always end beeing talked on TV for like 2 sec. but are in fact very important to notice.

Only thing i dont get is why US dollar is soo low, i mean i never saw this compare to canadian $ the rate is almost the same, havent saw that in 20 years+.

I don't think another country should be allowed to own a stock exchange in another country.

Surely they will be able to manipulate the figures so they benefit themselves?

Originally posted by eagle eye
Interesting, good thing you notice, those always end beeing talked on TV for like 2 sec. but are in fact very important to notice.

Only thing i dont get is why US dollar is soo low, i mean i never saw this compare to canadian $ the rate is almost the same, havent saw that in 20 years+.

www.abovetopsecret.com...

Theres a thread about why the US dollar is going down. The impending Iran oil bourse is going to crush the US dollar.

I think that this is a good example of capitalism and the free market, rather than the extension of political power. Its also what peopel are really talkign about when they say that 'terrorists hate us for our freedoms'. American's are at liberty to operate with the free market. As such, they can end up acquiring, as financial assets, things like other stock exchanges, oil fields, etc. Or you get american products, like music, movies, and even advertising, in 'traditional' cultures. This creates tension, and people hate it, so they attack the US, interpreting what is basically freedom as agression, similar to this.
The US isn't doing anything here, the owners and operators of the New York Stock Exchange are acquiring operations at a number of other markets in which stocks are traded. This isn't a sinister force that needs to be fought against.

excellent ~"flanking action"~ by the NYSE...
(also the NASDAQ)

with many nations mulling over holding reserves in PetroDollars or EUros,
this action will somehow tie the profits/investment trading $ in the western worlds
(Atlantic Exchange of NY~?? will they call it AEONy ??)
into a money making machine for the consolidated 'Western' oriented Exchange

tieing the USD & Euro together, something like conjoined twins,
yet independent enough to generate fees & tax advantages in the 'exchange rate' between the two currencies.
managed & accounting by the wizards in banking

it may well delay the rumored flight from the USD for 5-10 years, but,
in the long run the western Exchange will need to buyout/merge either
HongKong or Singapore exchange...
before the Islamic/UAE Exchanges make that Asian move
& Gold Dinar becomes the new benchmark

The proposed deal would call the company "NYSE EURONEXT" oh so very creative . Its a 10.2 billion dollar deal. 11 of 20 board members will be from the NYSE. The CEO will be from the NYSE. The Chairman will be from Euronext. I see this as a simple financial decision/planning by the NYSE Group. But I was curious of what others thought.

More information, and transcripts of the tendering of the offer are available at WSJ, if you have a subscription anyway.