The proposed deal would see most blue-chip shares traded in London, while Frankfurt's exchange would deal in technology shares and derivatives.
The alliance members have a gentleman's agreement not to poach business in each others' blue-chip shares, but nobody expects that to last.
An example is virt-x, a small electronic exchange for European blue-chip shares which offers clearing and settlement alternatives: nearly all the liquidity has migrated to just one of them.
ECONOMIST: Post-trade concerns could hamper a pan-European solution
But thanks to Mr Seifert's quick switch to electronic trading and a push to create new markets for smaller firms, Frankfurt now boasts the world's biggest derivatives exchange, Europe's busiest market for hi-tech firms, and a pivotal role in shaping the trading and clearing of Europe's blue-chip shares.
Alternatively, shares of chip maker Qualcomm are only slightly cheaper now than last quarter, and for good reason.
Shares of chip maker Trident Microsystems are down sharply after hours on a stark warning from the company about its eroding financial health.
Shares of the chip maker Semtech are trading sharply higher Thursday morning after the company later yesterday posted better-than-expected results for its fiscal third quarter ended October 28.
Shares of flash memory chip maker Spansion are taking a beating Friday after the company disclosed weaker than expected Q3 results and highly disappointing guidance for the fourth quarter.
FORBES: Spansion Tumbles On Weak Outlook; Cites Macro Weakness
Shares of mobile phone chip provider Skyworks Solutions are trading sharply lower Friday after Sterne Agee analyst Vijay Rakesh chopped his rating on the stock this morning to Neutral from Buy.
Rounding out our blue-chip earnings coverage, Home Depot shares have added about 3% in pre-market trading.
FORBES: Greek Bailout Lifts Futures; Wal-Mart, Home Depot, and Kraft in Focus
Shares of mobile-phone chip maker Skyworks Solutions are trading modestly higher Wednesday on a pair of analyst upgrades.
FORBES: Skyworks Gains; Charter Equity, Davidson Boost Ratings
Shares of the consumer device chip maker Zoran are trading sharply lower this morning on a disappointing Q1 financial report.
FORBES: Zoran Slides On Weak Guidance; Hurt By Cisco Flip Shutdown
Shinozuka diplomatically predicts that Oki's computer, telecom and chip units will account for the same shares of sales in three years as they do today.
Shares of the mobile phone chip maker RF Micro Devices are trading higher Wednesday morning on better-than-expected results for its fiscal third quarter ended December 29.
FORBES: RF Micro Devices Shrs Rally As FY Q3 Tops Street Estimates
Shares in the stocks of chip-makers dropped Tuesday on news that plants in Japan are shutting down production in the wake of the earthquake last week that set off fears of nuclear leaks in power plants in the country.
FORBES: Semiconductor Stocks Down Further On Japan Plant Closures
Some blue-chip directors are in severe financial difficulties after pledging shares to back borrowings.
Fairchild Semiconductor shares are trading lower Thursday morning after the chip maker reported weaker-than-expected Q4 results.
Micron Technology shares are heading lower Friday morning after the memory chip company posted disappointing results for its fiscal fourth quarter ended September 1.
Over the past 12 months, Intel shares are up 25%, while those of fellow chip maker Advanced Micro Devices are 32% lower.
FORBES: AMD Stock A Longtime Loser But Parts Add Up To $8.50
Skyworks Solutions shares are trading higher Friday morning after the mobile phone chip company late yesterday posted better-than-expected results for its fiscal second quarter ended March 30.
Avago shares are losing ground in late trading Thursday after the analog chip company posted mixed results for its fiscal fourth quarter ended October 28.
FORBES: Avago FY Q4 Profits Miss Estimates; Shrs Slip After Hours
Shares jumped more than 7% in extended trading as the chip maker beat the Street by 4 cents on inline revenues, which were down 35% year over year.
Fairchild Semiconductor shares, which were trading sharply lower Thursday morning after the chip maker reported disappointing guidance for the fourth quarter, have turned around are are now trading sharply higher.
If it opts to compete, it risks losing its most heavily traded shares as the London-Frankfurt duo tries to poach French blue-chip stocks.
Citing the warning late yesterday by chip maker Microchip Technology, UBS analysts Uche Orji and Parag Agarwal this morning downgraded shares of not only Microchip, but also Maxim Integrated Products and ON Semiconductor.
FORBES: Chip Triple Dip: UBS Downgrades Microchip, Maxim, ON Semi
Broadcom shares surged more than 8% in after-hours trading Monday after the communications chip designer posted second quarter earnings per share 9 cents above analyst expectations.
FORBES: Broadcom Shares Up 8% After Hours On Second Quarter Earnings Beat, Guidance
U.S. stocks still ended the day with sharp losses, but a last-hour rally cut the deficit in the blue-chip barometer by more than half as professional investors seem to have stepped in and picked up shares dumped by unhappy mutual- and hedge-fund shareholders.
In perhaps the most noteworthy call this morning, Goldman Sachs analyst James Covello turned cautious on the chip and chip equipment stocks, reducing his rating on the group to Neutral from Atractive, noting that semi shares have outperformed the market significantly since 2008.
Shares of Samsung Electronics and Hynix Semiconductor, the world's largest and third-largest chip makers respectively, have helped to buoy Korea's stockmarket.
In Tokyo, shares of Elpida Memory Inc. rallied 6.6% after the Yomiuri Shimbun said the chip maker would seek a capital tie-up with U.S. firm Micron Technology Inc.
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