NYSE Euronext, Deutsche Boerse Agree to Merge

The parent company of the New York Stock Exchange said Tuesday that it will combine with the operator of the Frankfurt stock exchange to create the world's largest financial markets company.

The new company, a combination of NYSE Euronext Inc. and Deutsche Boerse, will have dual headquarters in Frankfurt and New York. NYSE Euronext's CEO Duncan Niederauer will be chief executive, and Deutsche Boerse' CEO Reto Francioni will become chairman.

No name for the combined company was announced. The new company will own exchanges in New York, Frankfurt, Paris, Amsterdam and other cities that will continue to operate under their existing names.

Deutsche Boerse shareholders will own 60 percent of the new company. Shareholders of NYSE Euronext will own the rest. The company will be reincorporated in the Netherlands and will be listed in Frankfurt, New York and Paris.

NYSE Euronext's revenues have fallen because of competition from cheaper computerized stock exchanges in the U.S. and Europe. Many other global stock exchanges have also combined to save costs. The deal is expected to lead to $400 million in savings, mainly from technology and clearing costs.

The deal will give NYSE Euronext a larger footprint in the more lucrative business of trading in futures and options contracts.

The boards of both exchange owners have signed off on the deal, but it must still be approved by shareholders and regulators.

Shares of both companies fell after the deal was announced. NYSE Euronext's shares fell 3.7 percent in New York, while Deutsche Boerse's fell 1.5 percent in Frankfurt.

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Major Fraud Alert

The entire Federal Banking System under FirstGov has been "Consumed" and "Levied" by way of a Maryland State Circuit/District Court Ruled “Appropriation and Garnishment” of all Future Earnings prior to and after 2004 against Bank Of America by way of the F.D.I.C. Regulations Prohibiting failing Banks from Merging with other failing Banks between the Dates of 08/04/08 and 10/09/09.

Bank of America violated the 21st Century Act: Final Amendments to Regulation CC Section: http://www.federalreserve.gov/boarddocs/press/bcreg/2004/20040726/attachment.pdf

seeking reimbursement of Credit, Loan, and Finance Balances as a "Bank Entity" and not a "Nonbank Consumer" as specified on Pages 85 and 86.

The person they sued through a LLC. Debt Collection Company and Law Firm was the "World Fortune Owner" who "Counterclaimed" and won.

Now all Contracts of any Corporations (Including Employment) under the "Controlling Interest" of any Investment Bank Worldwide are "Null and Void", and are also under the stipulated Rules and Regulations of an "Closely-held S Corporation rendering all Employed under Legal Actions against “Domination”, and also means that "No Corporation can hold Shares" officially making every Stock Exchange on the Planet a "Ponzi Scheme" by default.

Businesses owned by the States (Public Corporations) are being sold Stock Shares by Corporations also under the Federal Banking System in this Worldwide "Ponzi Scheme". The World Fortune Company Merrick Inc. Sweden is dissolving Millions and Billions of Dollars from "All Levels of Government"in the U.S. of Financing based upon Years of "negligent inaction" involving this case.

The Federal Government has already been forced to discontinue supplying the Financing States use to pay their debts, Persons in Government Offices may want to begin to take their jobs more seriously, these are different times from 10 Years ago and you will not be accepted civil servants here just because you say you are here to do the right thing.

May 29 2011 at 1:21 AM Report abuse rate up rate down Reply
Hi Peg and Matt

The future of the NYSE. Picture this, 1945 Germany lying in total ruin,people living on the streets,no indudtry operating, no armed forces and no government absoluty no income, Fast forward February 2011 . Germany owns a 60 percent intrest in NYSE. Now guess what you will see down the road another 40 years.GOD BLESS AMERICA.

February 15 2011 at 4:58 PM Report abuse +1 rate up rate down Reply

i guess this means i will now be talking to a guy named manuel that calls himself
conchita vs ivan that call himself shirley or betty.

February 15 2011 at 2:39 PM Report abuse rate up rate down Reply

Here's a new one, Capital One has outsourced it's Customer Service line on the back of your plastic card to Nicaragua -- A US bank gettting bail out taxpayer's monies in Central America??

February 15 2011 at 10:01 AM Report abuse rate up rate down Reply