True Europeans with Vision

ARCHIV - Das Firmenlogo prangt am 19.02.2014 vor dem Hauptsitz der Deutsche Börse AG in Eschborn bei Frankfurt am Main (Hessen). Die Unterschiede bei den Gewerbesteuern in Deutschland werden immer größer: Je nach Standort können Firmen ihre Belastung durch einen Umzug in eine andere Stadt halbieren. Foto: Arne Dedert/dpa (zu dpa "Kluft bei Gewerbesteuern wächst - Reiche Gemeinden ziehen Firmen an" vom 22.02.2016) +++(c) dpa - Bildfunk+++
Deutsche Börse HQ.
  • Why it matters

    Why it matters

    A European super stock-exchange is needed to compete globally with the likes of the Chicago-based CME Group and Atlanta-based Intercontinental Exchange, which includes the New York Stock Exchange and Euronext.

  • Facts


    • Frenchman Xavier Rolet heads the 215-year-old London Stock Exchange. German Carsten Kengeter heads the Frankfurt-based Deutsche Börse. Both are former investment bankers.
    • The proposed merger is officially a “union of equals” but in reality it is a takeover by Deutsche Börse.
    • Four years ago, the European Commission refused to authorize merger plans between Deutsche Börse and the New York Stock Exchange.
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National egos are growing and political powers drifting apart in Europe. You see it everywhere these days — in the Brexit debate, the building of new border fences and the softening of stability criteria.

How pleasant then, that in such times at least the European financial industry can find common ground – in the shape of two stock-exchange operators in London and Frankfurt that long had the knives out for each other.

While politicians in the European Union still preach deeper integration of capital markets in the club of 28 countries, Deutsche Börse and the London Stock Exchange are creating hard facts with their planned merger.

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