NYSE mulling its Euronext Bid

The New York Stock Exchange is reportedly working on its bid to purchase the Euronext stock exchange. The deal, which has been speculated on for months could spark further consolidation in an industry that has been rapidly changing following the mergers of NYSE-Arca and Nasdaq-Instinet.

The European market has been slower to consolidate, although a tie-up between NYSE and Euronext could make the LSE more urgent to do a deal with Nasdaq.

See the Reuters article.