Econintersect:  Just fifty weeks ago, amidst much fanfare about the consolidation of global equity exchanges (see GEI News sources reference links), the New York Stock Exchange and the Frankfurt based Deutsche Börse announced merger plans.  The new combi… more »

Econintersect:  The Nasdaq OMX Group plans to set up a European derivatives trading platform based in London.  (Financial Times) The exchange would compete with the Eurex derivatives exchange operated by Deutsche Borse.  This move could come at a good ti… more »

Econintersect: An article Tuesday (October 18) by Bob Ivry, Hugh Son and Christine Harper for Bloomberg reveals that Bank of America has been reported (by unnamed sources) to have moved large quantities of their derivatives that were still held by the Me… more »

Clearing houses have been out of the limelight in all the attempted stock exchange mergers and acquisitions that have been going on around the world in recent months. That is no longer the case. Three of the world’s largest exchanges have entered a battle for control of LCH.Clearnet. NYSE Euronext, Nasdaq OMX and the London Stock Exchange have all made bids. Clearing houses stand to have a dramatic increase in business because of financial system reforms that will force over-the-counter derivatives to be traded on exchanges and through clearing houses to make such markets more transparent. more »

German economist Dirk Ehnts, University of Oldenburg, says that German President is right on with his recent economic comments. Wulff said that the sources of the financial crisis have not been neutralized and that: "Without a major change of policy new financial crises loom." more »