NYSE Must Be Purchased to Compete With Hong Kong, Brazil, Leibowitz Says

By Jeff Bliss - Jun 13, 2011 3:54 PM PT
Bloomberg

NYSE Euronext Chief Operating Officer Larry Leibowitz told Congress his company must be taken over by Deutsche Boerse AG to keep up with bourses that focus on derivatives and emerging markets.

NYSE Euronext (NYX), owner of the New York Stock Exchange and NYSE Liffe derivatives venue, has a market capitalization of $9.07 billion, in fifth place worldwide, according to data compiled by Bloomberg. Hong Kong Exchanges & Clearing Ltd. is in first place at $23 billion, followed by Chicago-based CME Group Inc. (CME) at $18.2 billion, Frankfurt-based Deutsche Boerse at $14.9 billion and Sao Paulo-based BM&Fbovespa SA (BVMF3) at $14.4 billion.

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http://www.bloomberg.com/news/2011-06-13/nyse-euronext-deal-necessary-to-compete-globally-leibowitz-tells-congress.html?cmpid=yhoo