Big Board aims for greater global role

Article Abstract:

DaimlerChrysler, the result of the union of Chrysler Corp. and Daimler-Benz AG that will become final in November 1998, is expected to boost the New York Stock Exchange's bid to become a global stock exchange. The company will be the first non-North America-based firm to be traded as "ordinary" on the US-based stock exchange's Big Board, the same status it will have in its home country. The distinction, which is expected to lead to increased trading on the Big Board, will permit the firm's shares to change ownership without going through the same conversion processes required for American depository receipts (ADRs).

Comment:

Is expected to boost the New York Stock Exchange's bid to become a global stock exchange

Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Daimler AG, Article

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CooperNeff targets institutional clients

Article Abstract:

CooperNeff Group is planning to compete with Wall Street in the trading of major portions of outside customer shares. CooperNeff is one of the largest stock-trading firms in the world.

CooperNeff

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Major LSE shareholder touts Euronet alliance

Article Abstract:

UBS Warburg stated that the London Stock Exchange might find Euronext to be an "attractive partner." Euronext is an alliance of the French, Belgian, and Dutch stock markets.

United Kingdom, Securities Dealers, Investment Banking and Securities Dealing, Security brokers and dealers, London Stock Exchange PLC, Euronext SBF S.A., UBS Warburg L.L.C.

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