Excerpt from: Stock Indices CFDs and Spread Bets
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| October 04, 2006 | | NYSE building ties to foreign exchanges | The New York Stock Exchange wants to forge better links to foreign exchanges, especially in Asia. Right now, the premier U.S. exchange is looking to build ties with the Tokyo Stock Exchange, and is looking for links with European exchanges. This could widen spread betting and CFD opportunities, especially in the stock futures market. The Scotsman reports on this stock exchange development:
Asked why the NYSE might consider linking to the TSE over a Chinese
exchange like the Shanghai Stock Exchange, Thain responded that the TSE
remained the leading Asian and second largest exchange in the world. An
exchange encompassing the United States, Europe and Japan would
represent the world's three "major liquidity pools," Thain added.
Asked about expanding in Europe, Thain said the NYSE would also
"certainly be receptive" to adding cash markets like the Borsa Italiana
into "the Euronext structure." Thain had previously suggested the
Italian exchange join in a pending merger between the NYSE and
Paris-based exchange Euronext.
Regarding U.S. mergers, Thain said he desired to broaden the NYSE's
product list, noting that "over time there will be opportunities in the
U.S. futures market. | | |
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