2011-02-16 15:36

Deutsche Boerse and NYSE Euronext announced Tuesday that the merger of the two stock exchanges served the purpose of better entering the Asian market, and they hope the new company will become a partner to all global exchange operators, Sina.com.cn reported Wednesday.

Reto Francioni, the chief executive officer of Frankfurt-based Deutsche Boerse, said that one of the key reasons for this takeover is to better develop the Asian market.

Duncan Niederauer, CEO of the New York-based NYSE Euronext, said the new company will be the world's biggest exchange operator. It will attract emerging companies to go public, and, under the current investment and technology agreement, make a better performance in the Asian market, he added.

According to the agreement signed Tuesday, the merged entity will be "the inviter, the enabler, and the convener with other exchanges in Asia and the developing world down the road," the report said.