Cross-Border Exchanges Create Regulatory Hurdles

Law360, New York (May 26, 2006, 12:00 AM EDT) -- With both the New York Stock Exchange and the Nasdaq making bids for European markets, the introduction of cross-border exchanges is likely to prompt a slew of new regulatory issues.

Earlier this month, the Nasdaq increased its investment in the London Stock Exchange by 5.2 million shares, giving it a 25% stake in the exchange.

The NYSE has also set its sights on foreign acquisition, proposing a merger with Euronext Group.

If the deal goes through, regulators on both sides of the Atlantic would be charged...
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