Home / Centerstage / 2000 / may / Week 4 /
The board of Deutsche Boerse, the German stock exchange, approves a proposal for a merger with the London Stock Exchange to create a new pan-European stock market called iX. The merger is designed to create a more competitive market in Europe and challenge the dominance of the New York Stock Exchange and Nasdaq. However, the proposal was met with controversy, with some critics arguing that it would harm the interests of small and medium-sized businesses and lead to a loss of jobs. The merger eventually fell through due to opposition from shareholders and regulators, and the two exchanges remained separate entities.
Friday, 26 May, 2000