Global Stock Exchange?

BY JACK EWING AND DAVID JOLLY – Originally reported at Dealbook

FRANKFURT — The operator of the Frankfurt Stock Exchange is in advanced talks to acquire the owner of the New York Stock Exchange, whose frenzied floor brokers have been a global symbol of capitalism for years.

A combination of the two companies, NYSE Euronext and Deutsche Börse, would offer trading in stocks and derivatives. The deal would also cap a decade of active cross-border market consolidation that reflects how much of investing is global and technology driven.

The new company would have headquarters in both New York and Frankfurt and equal seats on the executive committee, but Deutsche Börse shareholders would hold about 60 percent of the shares in the combined company. Deutsche Börse’s chief executive, Reto Francioni, would serve as chairman from Frankfurt, the companies said. Duncan Niederauer, chief executive of NYSE Euronext, would serve the same role for the combined company.

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