Stock exchanges are not like other businesses. The performance of national stock exchanges is often taken as a proxy for the health of a nation's economy, or at least investor enthusiasm for the country's prospects. National exchanges also play an under-appreciated policy role in deciding the listing and compliance standards for companies that wish to go public. On top of all that, there is a nebulous but real sense that national pride is often somehow tied to stock exchanges. (Learn how British coffeehouses helped give rise to the juggernaut that is the NYSE. Check out The Birth Of Stock Exchanges.)
With that in mind, recent moves in the stock exchange sector have garnered quite a bit of attention. The Deutsche Borse wishes to merge with NYSE-Euronext (NYSE:NYX) in a transaction that will have NYSE shareholders holding 40% of the combined company and ownership of the first (to say nothing of arguably most famous) U.S. exchange moving into foreign hands. At the same time, the London Stock Exchange (or rather, its partner London Stock Exchange Group) has reached an agreement to acquire TMX Group (owner of the Toronto Stock Exchange) in a $3.2 billion deal.
As these deals seem certain to shake up the structure of several of the world's largest exchanges, it is a good opportunity to examine the ownership structure of several other major exchanges.
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http://financialedge.investopedia.com/financial-edge/0311/Who-Owns-The-Stock-Exchanges.aspx
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