Tuesday 11th July 2000
|Text too small?|
It is already being joined by Milan and Madrid next year and possibly Euronext. Assuming it does, iX is expected to represent 18.22% of world equities market, based on the Morgan Stanley Capital Index.
GEM (Global Equity Market)
Nasdaq competitor the New York Stock Exchange (NYSE) is involved in early-stage talks with exchanges in Hong Kong, Mexico, Brazil, Tokyo, Toronto Stock Exchange and Euronext with a view to establishing an exchange to rival iX. Interconnecting with participating exchanges, GEM will seek to provide investors worldwide with around-the-clock trading. The market capitalisation of the new entity would exceed $US20 trillion, of which the NYSE's listed domestic companies represent half.
This merger of Dutch, Belgium and French exchanges has a market cap of $US2.1 trillion.
A common trading platform recently negotiated between the ASX and the Singapore Stock Exchange will launch July 2001.
It means Aussie investors will be able to buy Singapore stocks through an Australian broker and vice versa. This merger will have a 2.8% net share of the MCSI.
A joint venture between Japan's Softbank and Nasdaq will trade both Japanese and Nasdaq stocks. It starts this year.
No comments yet
MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite