http://www.nma.tv/ The owners of the New York and Frankfurt stock exchanges plan to merge, in a move that would create the world's largest owner of equities and derivatives markets. The $10.2 billion deal is a response to the increasing globalization and electronification of trading. To be sure, the merger must first clear regulatory hurdles and other potential obstacles raised by competitors to stop it. But it is likely to go through, and could further consolidation among the world's markets. While these mergers make headlines, equities trading is small fish. Derivatives trading is where the action is.
