A man walks through the central atrium at the Londson Stock Exchange in central London on March 4, 2016.AFP / LEON NEAL
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
A fight for control of London Stock Exchange Group Plc could get bare-knuckled as potential buyers jockey for dominance in an industry that's quickly consolidating. After LSE said it was in merger talks with Germany's Deutsche Boerse AG, the two largest exchange owners in the world, CME Group Inc. and Intercontinental Exchange Inc., or ICE, may step in with unsolicited offers. With four of the world's top five exchanges in the mix, a deal has the potential to scramble the industry. A purchase would give CME a commanding presence in Europe after it struggled to succeed there on its own. If ICE prevails, the combined entity could put more than $10 billion in market cap between itself and CME. To the victors go the biggest equities exchange in Europe, a majority stake in the world's largest clearinghouse for interest-rate swaps and a profitable index business.While both ICE and Deutsche Boerse offer futures trading, ICE currently has no ability to clear interest-rate swaps and Deutsche Boerse's Eurex exchange could dramatically increase its rate swap clearing.A combined ICE and LSE would have a market value of about $42 billion, dwarfing CME.
FOLLOW THIS ARTICLE