Today we heard the details of the Deutsche Borse and NYSE Euronext Merger. Deutsche Borse will own 60% and the CEO of NYSE Euronext, will be the CEO of the combined company. Here is a video of some of the trader's responses:
http://video.ft.com/v/791191663001/NYSE-deal-A-bittersweet-day-on-Wall-Street
Here is the full article on some of the details released today ...
http://www.ft.com/cms/s/0/a68dbfee-390c-11e0-b0f6-00144feabdc0.html#axzz1DwrGOVSP
Personally, I think this is a good thing. It will create a more liquid more efficient marketplace. If you are a markets person, then you like this. I just hope that the symbolic establishment that is the New York Stock Exchange is not removed, altered, or ruined in any way, shape, or form.
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