The struggle over Euronext took a new turn this month when the French political establishment, in the form of the Lachman report, argued that the exchange’s deal with the New York Stock Exchange was not in the best interests of Paris as a financial centre, and Deutsche Börse and Borsa Italiana tried to drive a further wedge into the deal. At the same time investors watched with bated breath as Nasdaq’s moratorium on making any further offer for the LSE expired and Nordic exchange group OMX struck a deal to acquire the Iceland Stock Exchange and its securities depositories.
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