Exchanges in cross-membership pact

Article Abstract:

Several securities exchange firms namely SBF-Bourse de Paris of France, Monep SA, Matif SA, Deutsche Boerse AG, Eurex and Bourse Suisse have signed a cross-membership deal that will allow their respective members to have access to each of their products available on each electronic trading platform. The agreement, which is scheduled to become effective before the end of 1998, also enables each company to gain from the coordination of admission procedures, cost reductions, and mutual recognition of each professional credentials. The agreement between securities exhange firms was made following the memorandum of understanding that established the Euro Alliance.

Comment:

Europe: Several securities exchange cos have signed a cross-membership deal on each of their electronic trading platform

Securities & Commodities Exchanges, Securities and Commodity Exchanges, Article

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CASA to further consolidation by joining EADS

Article Abstract:

Article about how the government leaders of Germany, Spain, and France will meet to sign an accord for Construcciones Aeronauticas SA of Spain to join the European Aeronautic Defense and Space Co. in a further action in consolidating the aerospace industry in Europe.

Spain, Guided Missile and Space Vehicle Manufacturing, Missiles, Space Vehicles & Parts, Planning, Brief Article, Aerospace industry, European Aeronautic, Defense and Space Co., Construcciones Aeronauticas SA

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