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This really great news and is a landmark in Europe achieving the political objectives and build a global securities market area. Still much work to do but agreeing to do it is just fantastic

Yes Martin your right but the Regulators are very much in play on this now and insistant on a firm having as secure a set up as possible. The burden of proof is with the FS firm. SM just entails a more extensive and comprhensive technical solution

Its sad but true that the days of the coffee shop are gone. Careless talk costs jobs and ultimatley that is what should encourage loyalty but how do you prove it?

I hate the nanny state and look out for my comments on this tomorrow

Thanks for your comment

Now this looks a much better deal for the market than the Deutsche Boerse deal. Far too many operational problems as well as culture that is not there with Nasdaq. If it get approval it will set in turn further moves and look out for a DG and LSE merger!

I agree with these comments and have for some time wondered how SWIFT is allowed to exist under its present structure. SWIFT is in anyones eyes a monopoly. I have no problem with SWIFT becoming more commercial and the huge costs of SIBOS is a case in point. SWIFT can charge huge ammounts of money and treat vendors with disdain putting them in the basement this year because SWIFT does not care and feels comfortable in a elevated position not have the normal threats other bussinesses have

SWIFT as the agent for ISO is a nonsence and here SWIFT can set the agenda for the industry and hold firms captive. SWIFT accreditations for example are set by SWIFT and SWIFT decides who or what is accredited . Another example of monopoly

SWIFT must be broken up

SWIFT standars should be a utility organisation and not for profit

Event organisations and training should be an organisation run commercially

SWIFT now they are buying software and competing with its partners should also be seperate

SWIFT is an old organisation set up for an age long ago it now is a organisation that is no longer providing value in fact it is confusing development by having a place on both sides of the fence

In giving this opionion i am fully aware that there is no mechanism to change. Banks will propagate SWIFT position as it gives great control of the agenda and who or what is going to challenge SWIFT position. Someone should but i doubt it will happen and we will still see these Quasi monoply organisation still frustrating real development in the market

Sad bit true 

I have to agree with Rolet and see only a few Exchanges covering the Global markets in 5 years. The trick is to merge the correct Exchanges to gain the most reward. I am not sure al these mergers actually fit and will achieve the expected sucess. However in this game right now is to be seen as a player and aggressive in the bid war

Actually a LSE and Deutsche Bourse tie up makes most sense but then it always did

This deal looks very expensive!

Its really important that OTC is not treated as any exchange traded product. There is enough technology available in the market to acheive the aims of regulators without restricting OTC. XML based or XBRL would be the obvious but why not make OTC reported on over the web and allow any investor or regulators to view the details?

I am sure going down an Exchange route will simply not work and drive this business underground

I do hope regulators use their imagination and do not create anything at odds with the market. That would be plain stupid  

Thanks Kiri

Yes because the risks of maintaining legacy systems is increasing year on year and market changes and new regulations put more and more pressure on them

APPS are the future and i was so pleased to see some vendors at SIBOS presenting their products. More in this space i think!

Your right the Post Trade space is heaped up with legacy systems and old market infrastructures and these need changing. I am encouraged by Corporate Actions systems on the market that my company puts under the microscope each year in our accreditation process.

Still getting financial services firms to understand the technology and the business needs and then invest is a very big hurdle

On the face of it this looks an exciting deal but there are real complications also. Big can also be complex and this merged Exchange is just about as complex as it comes. The technology and German market structures has always been a deal breaker in the past. So whats changed today? The NYSE Euronext has been overcoming their merger problems but these were easy in comparison to having the German Exchange included.

Does the market really need or want this deal? Arguably the answer is no

Troubled waters are ahead in this merger    

Thanks Roy

Yes the Genie is out of the bottle and we now have to find ways of ensuring a fair balance in the market. I really dont like regulatory barriers but fear thats what might happen