Before the merger, about half of the NYSE group’s shareholders were already European. In 2006, NYSE merged with Euronext, consolidating New York with exchanges in Paris, Brussels, Amsterdam and Lisbon, along with a futures exchange in London.
New York is no longer the coveted economic crown jewel it once was.
For Deutsche Börse, the real prize is in what NYSE Euronext owns—with the emphasis on Euronext.
Germany is pushing for greater economic union—on its terms.
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