The financial crisis as an accelerator of stock exchanges acquisitions

Olga Volodymyrivna Kopylova


The main factors for consolidation of the securities trade organizers are analyzed. The world financial crisis as a stimulant of M&A among stock exchanges is defined. The complex research of qualitative and quantitative performance and effectiveness of such organizations as Nasdaq OMX, NYSE Euronext, CEESEG AG (based on Wiener Borse) has been conducted. The similarities and differences in their functioning during the pre-critical period and the years of crisis are detected. It is proved that there is a gradual levelling of differences between continental and Anglo-Saxon models of the market. Heterogeneity tools and multi-directional dynamics of development on the European bond market are observed. The political problem influence on the stock market stability is defined. The further stock exchange integration feasibility for improving the efficiency and sustainability of their activities in the world capital markets globalization and liberalization are grounded.


stock exchange; integration, securities market; globalization

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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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