Thursday, February 10, 2011

Top Stock Exchange Stocks

The London Stock Exchange and the Toronto Stock Exchange, which is owned by the
TMX Group holding company, announced that they are merging, which will create
one of the largest stock exchanges in the world, trading more than 6,700
companies. Will this be the beginning of more merger activity in stock exchange
companies? If so, maybe it is time to look at the ones that are publicly traded.
NYSE Euronext, Inc. (NYX) operates the New York Stock Exchange, Euronext and
NYSE Arca. The stock trades at 15 times forward earnings and pays a yield of
3.7%. The biggest American competitor to NYX is Nasdaq OMX Group Inc. (NDAQ)
which trades on NASDAQ of course. Although NASDAQ was founded in 1971, it went
public in 2002. It is the largest electronic screen-based equity securities
trading market in the United States and second-largest by market capitalization
in the world. The stock has a forward P/E of 10. IntercontinentalExchange, Inc.
(ICE) operates regulated futures exchange and over-the-counter markets, and
derivatives clearing exchanges. The stock trades at 20 times forward earnings.
CME Group Inc. (CME) operates the CME, CBOT, NYMEX, and COMEX futures and
options exchanges that trade futures contracts and options on futures contracts
on interest rates, stock indexes, and other investments. The stock has a forward
PE ratio of 15 and sports a yield of 1.5%. If you like interesting stock lists
like this, you should check out the various stock lists at
WallStreetNewsNetwork.com. Disclosure: A relative of the author owns NYX. By
Stockerblog.com

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