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Tuesday, May 10, 2011

LSE sees mergers driving regulatory reform, (LSE), (TSE: X), (NYSE: NYX), (NASDAQ: NDAQ), (NYSE: ICE)

London Stock Exchange (LSE.L) Chief Executive Xavier Rolet, who wants to merge with Canadian market TMX Group (X.TO), hopes the current spate of international exchange mergers will help streamline global trading rules. "If you look at the existing exchange mergers, including the transatlantic mergers, there's not a unified regulatory environment. This is the greatest opportunity the financial crisis has presented - to unify regulation," Rolet told a conference in London on Tuesday. The LSE signed a $3.2 billion agreement to join with TMX in February but this deal was overshadowed when Deutsche Boerse (DB1Gn.DE) detailed its $10.2 billion takeover of NYSE Euronext (NYX.N). The Boerse-NYSE deal was thrown into doubt last month when Nasdaq OMX (NDAQ.O) and the IntercontinentalExchange (ICE.N) made a counter-bid for NYSE valued at $11.2 billion.

TMX Group Inc. is an integrated, multi-asset class exchange group. Shares of X fell by 0.49% or $-0.23/share to $46.42. In the past year, the shares have traded as low as $36.93 and as high as $64.03. On average, 10313400 shares of X exchange hands on a given day and today's volume is recorded at 5256807.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX traded higher by 0.91% or $0.37/share to $41.01. In the past year, the shares have traded as low as $26.42 and as high as $41.18. On average, 6107600 shares of NYX exchange hands on a given day and today's volume is recorded at 1344355.

The NASDAQ OMX Group, Inc. is a global exchange group that delivers trading, exchange technology, securities listing, and public company services across six continents. Shares of NDAQ fell by 0.37% or $-0.0999/share to $27.2701. In the past year, the shares have traded as low as $17.18 and as high as $29.71. On average, 3267350 shares of NDAQ exchange hands on a given day and today's volume is recorded at 474749.

IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchange and over-the-counter (OTC) markets and derivatives clearing houses. Shares of ICE traded higher by 0.86% or $1.02/share to $119.95. In the past year, the shares have traded as low as $92.18 and as high as $135.38. On average, 829808 shares of ICE exchange hands on a given day and today's volume is recorded at 306392.



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