The New York stock exchange (NYSE) and the pan-European exchange Euronext are merging to create the world's largest stock market.
The NYSE agreed late yesterday to buy Euronext for $9.9bn (£5.3bn) in cash and stock, trumping a larger offer from Deutsche Börse.
If approved by regulators and shareholders, NYSE's acquisition of Euronext would create a single platform where traders could deal in stocks, options, futures, commodities and corporate bonds across two continents - for up to 12 hours daily.
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