…and the Bourses Go Wild!

Big news in exchange land as the NYSE Euronext ($NYX) confirms merger talks with the Deutsche Boerse.  As of this post, NYX  has not yet opened yet but is indicating 37-39 Opened over 39, up17% as of noon.  (Full disclosure, we are long NYX as of last Wednesday for client accounts running our Long/Short model.)

And the other exchange stocks are rockin’ on that news, which they tend to do whenever two of their brethren announce a marriage.  There are very few left, but investors are clearly betting on the CBOE ($CBOE) as the next to go based on today’s action.

Have a look at CBOE and NYX along with the Nasdaq OMX ($NDAQ) and the IntercontinentalExchange ($ICE), the CME Group ($CME) is not seen here as many view them as a buyer, not a seller…