London, German Exchanges To Merge
May. 03, 2000
LONDON (AP) _ The London Stock Exchange and Germany's Deutsche Boerse have agreed to merge their share-trading operations, the London exchange announced Wednesday.
The combined exchange would be Europe's largest stock market and serve as a regional counterweight to Wall Street.
The two national exchanges will each own 50 percent of the new entity, which is to be called iX, for International Exchanges, and headquartered in London.