NYSE global ambitions on display again

NYSE Euronext has ambitions of being a great worldwide exchange company. Its latest deal is a good indication of that: NYSE Euronext has agreed to pay $250 million for a stake in the Doha Securities Market, beating out the London Stock Exchange and Deutsche Börse in an auction. The Qatar exchange has the potential to become a power in a region that aims to increase its financial sophistication. A lot of money will flow through the region, no doubt. Still, it will take a lot to build the exchange into a technologically savvy derivatives venue. It will have a lot of competition from Dubai, notes the Financial Times.  

For more:
- here's the Financial Times  article
- here's a list of recent NYSE's deals. Article

Related Articles:
Qatar looms large for top banks
Banks flow into mid-East