This is interesting for a variety of reasons. This will now mean that two of the major stock exchanges in Europe will be owned by American exchanges. The New York Stock Exchange has just about completed its acquisition of the Euronext, a Paris-based Europe-wide exchange.
So at first glance this would look like bad news for Europe and good news for the US right? In fact, it’s the opposite. It’s important to point out that the reason these acquisitions are happening is not because the US is riding in on a white horse to prop up the European exchanges and help them grow. They’re grabbing them because the European exchanges have been so wildly successful in the past few years, outperforming their American counterparts.
