Euronext facing opposition from advisor?
No one thought the NYSE's deal for Euronext would be a slam dunk. BNP Paribas, an advisor to Euronext, remains undecided on the benefits of the proposed deal. According to MarketWatch, it is now backing the idea of an independent study by an outside firm. Influential lobby group Paris Europlace has asked Henri Lachmann, of Schneider Electric, to examine the proposal and all other options, citing "possible concerns over liquidity and the long-term safeguarding of the European regulatory framework."
> Here's the MarketWatch article
> NYMEX, TSX to merge? Article
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