12:06pm

Tue February 15, 2011
Business

NYSE Joins Forces With Germany's Deutsche Boerse

The parent companies of the two exchanges announced the merger agreement Tuesday. The NYSE won't change its name, but if the deal is approved, the Wall Street icon will become part of a giant new company that will own exchanges in New York and several European cities. Tuesday's move is part of a wave of financial exchange mergers, driven in part by competition from alternative, computerized exchanges.

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