A collection of stories from SmartBrief publications and around the web…
Reuters reports on an interesting perspective from NYSE Euronext executive vice president Roland Bellegarde, Bellegarde says diverging regulatory environments around the world will dissuade future exchange mergers. “There is not really a convergence of regulation and in merging if you don’t have a convergence of regulatory environments, what are the benefits expected? Users are not going to have a lot of synergies,” Bellegarde says.
Speaking of the ICE-NYSE Euronext deal, it will be interesting to see how the move by European officials to keep local control of Euronext will affect the pricing of future acquisitions. If future tie-ups want to follow the ICE blueprint (buy the whole and break up the pieces so as to keep the goodies), it seems like limiting the pool of potential buyers for the castaway pieces to “locals only” would shrink the pricing … dramatically.
The Economist looks at what this year’s three Nobel prizewinners in economic have in common and urges investors to apply the troika’s ideas to today’s asset prices.
A new report form Fidessa looks at how European dark pool trading has grown by 45% over the last 6 months compared to the same period last year, and yet stocks traded in the dark has only grown by 2%.
Dr. Daniel Crosby takes to InvestmentNews and tries to answer one, rather complicated question: Is behavioral finance is dead?
The Wall Street Journal offers up this light-hearted examination of why trees abound when it comes to the names of funds.
A lot of people like to complain about the money bankers make these days, but with the baseball playoffs in full swing, FinancesOnline looks at the dollars being made (and spent) on the diamond. Who is more worthy of their $25 million salary? A banker on Wall Street or a pitcher who “works” maybe 30 days a year?