Feature: No New Course for the Bourse

Increased competition from electronic trading venues and disrupted revenue streams spurred exchanges to consider a range of takeover and merger opportunities earlier this year. But six months on, it appears that the merger mania has cooled. By Sitanta Ni Mathghamhna

The frenzy of exchange merger and takeover proposals that dominated the headlines earlier this year has quieted down. Australia spurned the advances of Singapore, and Canada turned its back on an apparently benign merger with the