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What do you think about the planned merger of NYSE Euronext and Deutsche Boerse?

Asked by mattbrowne (31732points) February 10th, 2011

Newsflash

http://dealbook.nytimes.com/2011/02/10/n-y-s-e-must-keep-its-name-says-congressman/

Many details of the planned merger of NYSE Euronext and Deutsche Börse need to be ironed out. But one American legislator is already making one demand: the New York Stock Exchange must keep its name.

Representative Ted Deutch, Democrat of Florida, said on Thursday that the exchange must retain the name it has had since 1863.

“The New York Stock Exchange is a foundation of the extraordinary American economic success story, and its name rightfully reflects the United States’ position as the financial center of the world,” Mr. Deutch said in a statement.

As DealBook previously noted, if a deal is reached, it could still face several hurdles, including regulatory and political resistance. New York City leaders have been particularly vocal about maintaining the city’s status as the leading financial capital.

NYSE Euronext and Deutsche Börse have yet to figure out a name for the combined company, which would be incorporated in the Netherlands and have headquarters in New York and Frankfurt. But all local exchanges — including, yes, the New York Stock Exchange — would retain their names, a person briefed on the matter told DealBook.

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