American Stock Exchange to be acquired by Euronext

The Transatlantic exchange NYSE Euronext has offered for $260 million in stock to acquire the American Stock Exchange. The offer will increase the options business of Euronext, it will also boost its exchange traded funds and other cash products.

The Euronext has worldwide operation which includes cities like Paris, Brussels, Amsterdam, Lisbon and it operates at the New York Stock Exchange. The NYSE Euronext and Nasdaq Stock Market Inc have been trying to increase their options markets that pays better margins than the stock markets.