Germans are buying NYSE!!

d08 · Feb 15, 2011

Great news. Perhaps the archaic practices of the NYSE will be gone, one can hope. Fingers crossed it'll go through.

BwPirt · Feb 15, 2011

I'm surprised by the lack of conspiracy theory posts in this.

southbeach4me · Feb 15, 2011

Quote from BwPirt:

I'm surprised by the lack of conspiracy theory posts in this.

Just wait a lil... Im sure they are in the brewing process.

LEAPup · Feb 15, 2011

Quote from ChkitOut:

200 year old iconic institution gets bought by 18 year old firm.

how silly.

A foreign firm at that... I believe Donald Trump made a statement about it, and he wasn't happy. I don't blame him.

southbeach4me · Feb 15, 2011

One good thing about the merger is that the europeans hate HFT trading as they see it as market abuse. Maybe, just maybe they will try to curtail its growing dominance (especially in NYSE)

http://www.goldmansucs.com/2010/11/...-error-and-explicitly-rules-out-flash-orders/

psytrade · Feb 15, 2011

You have to own a Porsche otherwise they'll boot you from the exchange.

rc8222 · Feb 15, 2011

I wonder if this will influence the idea of a global transaction tax even further now? The Germans want this tax badly, while the U.S. has always been opposed. By the Germans taking over the NYSE, I wonder if our opposition to the transaction tax is now considerably weakened?

LEAPup · Feb 15, 2011

Quote from southbeach4me:

One good thing about the merger is that the europeans hate HFT trading as they see it as market abuse. Maybe, just maybe they will try to curtail its growing dominance (especially in NYSE)

http://www.goldmansucs.com/2010/11/...-error-and-explicitly-rules-out-flash-orders/

I would welcome them with open arms if they could curtail hft's! And I do agree with them. It is market abuse.

Pagan Sunday · Feb 15, 2011

Quote from rallydog:

"Germans are buying NYSE!! "

Expect trading to become more brutal.

Trading should get brutal anyway regardless.

d08 · Feb 16, 2011

The protectionist vibes are quite funny. You didn't hear much about it in France, Netherlands or anywhere in Scandinavia when Euronext and OMX were merged/taken over.
Now we see comments like this "The American real estate investor Donald Trump also weighed in, saying it was 'ridiculous' to allow the NYSE to be taken over by the German group. "
Whatever happened to the US proposed "free markets", which regulations does DB not meet?