Slide 1Major European MarketsLondon Stock ExchangeLondon Stock ExchangeEuronextEuronextDeutsche BoerseDeutsche BoerseOMX Nordic ExchangeOMX Nordic ExchangeBorsa ItalianaBorsa ItalianaSwiss ExchangeSwiss ExchangeBME Spanish ExchangeBME Spanish ExchangeCurrent EventsCurrent EventsOther M&A’s in the Equity MarketsWhy the Consolidation?QuestionsBy: Jesse ScottEuropean Markets and TradingMajor European MarketsLondon Stock ExchangeEuronextDeutsche BoerseOMX Nordic ExchangeBorsa ItalianaSIX Swiss ExchangeBME Spanish ExchangeLondon Stock ExchangeMarket Capitalization: 2.79 T (USD)Number of Companies Listed: 2,792Domestic: 2,179Foreign: 613Ran by London Stock Exchange GroupFounded in 18012007 Merge with Borsa Italiana; purposed merger with Toronto ExchangeLondon Stock ExchangeKey Indexes:FTSE 100Hours of Operation:8am – 4:30pmOperates EDX London, Derivatives MarketEnergy and Natural ResourcesEuronextMarket Capitalization: 2.87 T (USD) Number of Companies Listed: 1,160Domestic : 990Foreign: 170Ran by: NYSE GroupOperates Primarily in France, Belgium, Netherlands, and PortugalEuronextKey Indexes:Euronext 100Hours of Operation:9am – 5:30pmEuronext LiffeDerivatives MarketSecond Largest in EuropeDeutsche BoerseMarket Capitalization: 1.29 T (USD)Number of Companies Listed: 783Domestic: 704Foreign: 79Ran by: Deutsche Boerse GroupLargest German Stock Exchange - FrankfurtDeutsche BoerseKey Indexes:DAXHours of Operation:9am – 5:30pmEurexDerivatives MarketJoint Operations with SIX SwissLargest European Derivatives MarketOMX Nordic ExchangeMarket Capitalization: 817 B (USD)Number of Companies Listed: 797Domestic: 773Foreign: 24Ran by: Nasdaq GroupIncludes Markets in: Finland, Sweden, Norway, Denmark, IcelandOMX Nordic ExchangeKey Indexes:Nordic 40Derivatives Market:Nordic Derivatives MarketHours of Operation:9am – 4:30pmBorsa ItalianaMarket Capitalization: 655 B (USD)Number of Companies Listed: 296Domestic: 291Foreign: 5Ran by: London Stock Exchange GroupBased in MilanBorsa ItalianaKey Indexes:FTSE/MIBRuns Italy’s Derivatives and Fixed Income MarketsHours of Operation:9am – 5:30pmSwiss ExchangeMarket Capitalization: 1.05 T (USD)Number of Companies Listed: 339Domestic: 275Foreign: 64Ran by: SIX GroupBased in ZurichSwiss ExchangeKey Indexes:Swiss Market Index (SMI)Derivatives:EurexJoint Operations with Deutsche BoerseHours of Operation:9am – 4:30pmBME Spanish ExchangeMarket Capitalization: Number of Companies Listed: 3,472Domestic : 3,435Foreign: 37Ran by: BME GroupOperates several marketsMadrid, Barcelona, Biboa, and Valencia Stock ExchangesBME Spanish ExchangeKey Indexes:Ibex 35Derivatives:MEFFFocus in Energy and Financial DerivativesHours of Operation:9am – 4:30pmCurrent EventsDeutsche Boerse proposes merger with NYSE EuronextDeutsche Boerse will purchase $9.68B worth of stock giving the company a 60% shareProposed merger said to create $405M in synergiesWill become worlds largest exchange groupPossible regulatory issuesEurex and Liffe would combine to have 90% European market share in derivativesCurrent EventsCounter-offer by Nasdaq OMX and ICE to by NYSE Euronext$11.3B offer, 16% higher than Deutsche BoerseWill create $740M in synergiesNasdaq OMX acquires NYSE Euronext listings, equities, and options. ICE acquires NYSE Liffe derivatives markets, becomes 4th largest company in terms of global trading volumeOther M&A’s in the Equity Markets2007- NYSE purchases Euronext for $10.2BLondon Stock Exchange to purchase TMX (Toronto) for $3.2B BM&FBovespa (Brazil, 4th largest financial exchange operator) looking to make a moveHong Kong ExchangeAustralia ASX and Singapore Exchange $7.9 B deal maybe?Why the Consolidation?Battle On-line RivalsLosing Market Share to Electronic TradingIncrease Product OfferingsCost SavingsEscape Mature Business for Growth
View Full Document
![High Yield Bonds [ Junk Bonds ] and Their History](https://media.gradebuddy.com/documents/1727179/2546efe0-ea63-48af-99b9-6a7c5560bba2.png)
Unlocking...