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| This combined file picture shows a Euronext logo on the top and the logo of the New York Stock Exchange (NYSE) at the bottom. (Xinhua/AFP) | NEW YORK, June 1 (Xinhua) -- NYSE Group Inc. agreed
Thursday to acquire the pan-European stock market Euronext for about 10 billion
US dollars in cash and stock, creating the first trans-Atlantic securities
market.
Once combined, the New York Stock Exchange and
Euronext will handle about 2.1 trillion dollars in stock trades each month and
have a market value of 20 billion dollars.
The acquisition ushers in a new era for financial
markets, one in which investors can trade stocks, options, futures, commodities
and corporate bonds on two continents up to 12 hours a day.
The New York Stock Exchange trumped a competing bid
by Deutsche Boerse AG to acquire Paris-based Euronext, which operates bourses in
Paris, Amsterdam, Brussels and Lisbon. Enditem
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