Garry Jones, Grp Executive VP & Head of Global Derivatives, NYSE Euronext talks about investing in the derivatives market and discusses the stock exchange group's steps forward after the failed bid to merge with Deutsche Boerse.» Read More
Stocks gained moderate strength in the final hour of trading Monday, although largely remained within a narrow range, amid another quiet trading session with the market at or near highs for the year. Johnson & Johnson and Wal-Mart gained, while HP fell.
Stocks traded slightly higher amid another day of quiet trading and after a week of strong gains.. GE and Wal-Mart rose, while Intel fell.
"If they [NYSE] really need scale and if they really needed to take costs out, we're probably the better partners," Jeffrey Sprecher, chairman and CEO of ICE, told CNBC on Friday. "There was just an opportunity that was presented to us by the marketplace and Bob Greifeld and I decided to act on it," Sprechler said.
London Stock Exchange Group is considering making a takeover bid for Nasdaq OMX Group later this year, the Sunday Times reported, continuing the rapid consolidation of the world's major stock markets.
Based on the number of M&A deals and other financial indicators, the global market is recovering—and it’s here to stay—Mark Shafir, head of global mergers and acquisitions at Citigroup, told CNBC Monday.
The Nasdaq OMX Group is reassessing its strategy following the NYSE/Deutsche Boerse deal, and it won't "sit on the sidelines" as the latest round of consolidation in the industry heats up, a source told CNBC.
The plans to merge the Deutsche Boerse with the NYSE Euronext is “far from a done deal,” Benn Steil, a senior fellow at the Council of Foreign Relations and director of International Economics, told CNBC Tuesday.
There’s an air of paranoia on Wall Street about today’s NYSE spacer deal with the Germans. But history suggests it’s unjustified. Inevitably, the new business unveiled today will also be shaped over time by changing needs.
German exchange operator Deutsche Boerse Tuesday reported preliminary results for 2010, offering a glimpse of its financial picture on the same day the merger agreement with NYSE Euronext was announced.
While leaders of the Deutsche Boerse and the NYSE Euronext touted the advantages of creating the world’s large exchange operator on Tuesday, the reaction on this side of the Atlantic has been, at best, guarded and, at worst, strongly opposed to the deal.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
CNBC has confirmed that the board will consist of 17 members—10 of which will come from the Deutsche Borse, seven of which will come from NYSE Euronext.