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CSPAN2 Today In Washington June 14, 2011



chairman. you re on live coverage here on c-span3. good afternoon. subcommittee will come to order. i want to welcome to today s hearing on competition and consolidation in financial markets the new york stock exchange-deutsche boerse merger. i would especially like to welcome our witnesses and thank you for joining us today. and i m joined today by my colleague from north carolina, melvin watt and i think we re expecting the ranking member of the full committee, mr. conyers of michigan. in mid-february, the new york stock exchange, euro next and the deutsche boerse announced a merger that would give deutsche boerse 60% owner of the company that would own the new york stock exchange. the big board of the new york stock exchange would merge under rt umbrella of a foreign company with understandable apprehension. with would this merger harm competition, and america s role in the international financial system. the nasdaq and int ....

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