Few sectors have faced such extensive restructuring recently as the world’s stock exchanges. M&A is dictating the fate of many exchange platforms with a number of high-profile cross-border mergers being announced in recent months. However, with growing political pressure to preserve ownership of national exchanges and regulators resisting consolidation to maintain a ‘competitive environment’, many question whether Western exchanges will be able to retain their global dominance. This is especially true in light of growing emerging market players and competitive pressure applied by alternative trading platforms.
This report provides perspectives on the recent trends affecting M&A activity within the global stock exchange sector, focusing on potential future developments within the emerging markets.