Germans are buying NYSE!!

Great news. Perhaps the archaic practices of the NYSE will be gone, one can hope. Fingers crossed it'll go through.

 

I'm surprised by the lack of conspiracy theory posts in this.

 

Just wait a lil... Im sure they are in the brewing process.

 

A foreign firm at that... I believe Donald Trump made a statement about it, and he wasn't happy. I don't blame him.

 

One good thing about the merger is that the europeans hate HFT trading as they see it as market abuse. Maybe, just maybe they will try to curtail its growing dominance (especially in NYSE)

http://www.goldmansucs.com/2010/11/...-error-and-explicitly-rules-out-flash-orders/

 

You have to own a Porsche otherwise they'll boot you from the exchange.

 

I wonder if this will influence the idea of a global transaction tax even further now? The Germans want this tax badly, while the U.S. has always been opposed. By the Germans taking over the NYSE, I wonder if our opposition to the transaction tax is now considerably weakened?

 

I would welcome them with open arms if they could curtail hft's! And I do agree with them. It is market abuse.

 

Trading should get brutal anyway regardless.

 

The protectionist vibes are quite funny. You didn't hear much about it in France, Netherlands or anywhere in Scandinavia when Euronext and OMX were merged/taken over.
Now we see comments like this "The American real estate investor Donald Trump also weighed in, saying it was 'ridiculous' to allow the NYSE to be taken over by the German group. "
Whatever happened to the US proposed "free markets", which regulations does DB not meet?