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 NYSE to buy Euronext
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    LONDON, June 5 (Xinhua) -- The London Stock Exchange (LSE) has dismissed the threat that a combination of the New York Stock Exchange and the Paris-based Euronext would pose to its growing international listings business, saying "being the biggest is not enough."

    The LSE argues that simply being a big stock exchange is not enough to make the merged group more attractive to listing companies, according to Financial Times on Monday.

    Liquidity pool, capital availability and quality of research in London have also contributed to the city's edge, LSE said.

    Companies from Russia, China and India have increasingly been suing the LSE for their initial public offerings, having been deterred from the United States by the greater legal risks and costs of its regulatory environment.

    A LSE spokesman claimed, apparently in response to recent remarks from John Thain, the NYSE chief executive, that there are many things that weigh on a company's mind when it seeks a listing, and the market capitalization of the exchange isn't one of them.

    Thain said at a press conference on Friday that one of the main reasons for seeking a deal with Euronext was to be able to compete for international listings. Enditem