The world's exchanges are encountering surprisingly tough, and sometimes fatal, resistance as they attempt to merge, a bad sign for an industry and its shareholders that are increasingly reliant on cross-border deals. If the deals continue to die, such a precedent would hurt exchange shares, muddle their corporate strategies, and at least temporarily halt a long march toward an integrated global marketplace, experts and analysts said this week. In the past two months, Nasdaq OMX Group (NDAQ.O), IntercontinentalExchange Inc (ICE.N) and Singapore Exchange Ltd (SGXL.SI) have had multibillion-dollar takeover dreams dashed by either antitrust regulators or fierce nationalism in the target country. Germany's Deutsche Boerse AG (DB1Gn.DE) and London Stock Exchange Group Plc (LSE.L) face no less difficult tasks in sealing their own trans-Atlantic deals for the New York Stock Exchange and Toronto Stock Exchange parents, respectively.
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 0.5% or $-0.13/share to $26.06. In the past year, the shares have traded as low as $17.18 and as high as $29.71. On average, 2799500 shares of NDAQ exchange hands on a given day and today's volume is recorded at 791090.
IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchange and over-the-counter (OTC) markets and derivatives clearing houses. Shares of ICE fell by 0.22% or $-0.27/share to $122.1. In the past year, the shares have traded as low as $92.18 and as high as $135.38. On average, 806602 shares of ICE exchange hands on a given day and today's volume is recorded at 196659.
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