NYSE continues to ramp up internationally

You have to be impressed with the way the New York Stock Exchange is living up to its goal of becoming the first truly global exchange. It has launched its offer for Euronext--a formality to consummate the deal--and it has announced a deal to buy a five percent stake in India's National Stock Exchange for $115 million. The purchase is the maximum allowed by Indian regulators. Most likely, this is a toehold in a market that could prove to be quite active. The NYSE is not done--one would expect a deal with Asian exchanges soon. That might include a venture with the Tokyo Stock Exchange. All this contrasts with the stalled efforts of the Nasdaq. It is far from clear what its European strategy will be if the LSE bid does not pan out (see last item).

For more on the NYSE:
- here's a MarketWatch article