Frankfurt, New York stock exchanges mull mega-merger
The London and Toronto stock markets made waves in the financial world Wednesday when they announced their trans-Atlantic merger. However, they were quickly outdone by Deutsche Börse and NYSE Euronext's proposed fusion. Investors were left with bated breath Wednesday after Deutsche Börse and NYSE Euronext said they were in "advanced discussions" to merge into the world's biggest stock exchange operater by revenues and profits. The revelation from Germany's stock exchange and its prospective partner came hot on the heels of an announcement from the London and Toronto stock exchanges that they would merge. The fusion is expected to create one of the world's largest trading platforms, which will dominate the raw materials and energy sectors.