050806

• BREAKING NEWS

New Bourses In the Works

The German and Swiss exchanges Deutsche Börse and SWX announced late last week that they would combine their warrant and certificate trading activities to create a new securities exchange organization, with a plan to develop a new common electronic platform.

The two exchanges signed a letter of intent, which will see the creation of a co-owned holding company located in Zurich. The exchange is expected to start operating in the fourth quarter of 2007.

The new company

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