Deutsche Boerse, NYSE in talks as merger frenzy grips

NEW YORK/FRANKFURT (Reuters) -Deutsche Boerse is in advanced talks to buy NYSE Euronext in a deal that would create the world's largest trading powerhouse and put a bastion of American capitalism into foreign hands.

The discussions, announced on Wednesday, came only hours after the London Stock Exchange said it had agreed to buy Canadian market operator TMX, marking a shake-up for an industry under intense cost pressure from upstart electronic rivals, but one that offers new opportunities after the financial crisis in off-exchange derivatives trading.

News of the Deutsche Boerse talks sent NYSE Euronext shares soaring 14 percent to a two-year high and sharply boosted other exchanges on speculation that further match-ups would follow.

More on this link: http://uk.reuters.com/article/2011/02/10/uk-tmx-lse-idUKTRE7176NE20110210