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US: Rumored merger to give NYSE a run for its money

By  |  August 23, 2013

Sources told reporters Friday that stock-exchange firms BATS Global Markets and Direct Edge are now in advanced merger talks for a deal that would create the nation’s second-largest stock exchange behind NYSE Euronext Inc.. The two are likely to announce their plans within the next few days, according to The Wall street Journal, but representatives for the two companies declined to comment on the matter.

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    If true, the deal would create a stock-exchange larger than Nasdaq OMX Group and become the second-largest in the market following NYSE Euronext, which owns the New York Stock Exchange. The new company would control 20 percent of the market.

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    The market also recently heard the news that IntercontinentalExchange is looking to acquire NYSE Euronext in a $8 billion transaction.

    Full Content: The Washington Post

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