Equity market round-up: NYSE Euro(whatever)next
The transatlantic exchange group this June announced a strategic partnership with the State of Qatar to invest $250 million in a 25% stake in the Doha Securities Market. The DSM will adopt NYSE Euronext technology and gain an international partner while NYSE Euronext will gain a foothold in the fast expanding Middle East.
"This deal further solidifies NYSE Euronext’s role as a global player," says Matthey Samelson, analyst at consultancy Aite Group. "The group already has stakes in a number of European exchanges and now it is moving into the lucrative Middle Eastern market.
"Going forward, we will see more and more of the major exchanges seeking global expansion."