Intl. Exchange Mergers Could Threaten U.S.: Experts

Law360, New York (July 10, 2007, 12:00 AM EDT) -- In a Senate subcommittee hearing Thursday on the global demutualization and consolidation of securities exchanges, experts presented a view of cross-border securities exchange mergers that focused on protecting American exchanges’ market positions—and that largely ignored antitrust issues.

In that respect, the testimony was marked by little of the antitrust concern that followed last year’s announcement of the merger between the New York Stock Exchange and Euronext. Instead, it focused on what the increasing demutualization, consolidation and globalization of stock markets means for American trading.

That explanation...
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