NYSE Euronext, the world's largest exchange group, has secured its third and fourth international deals in a week after strengthening ties with the Israeli market and completing its acquisition of a 5% stake in India's Multi Commodity Exchange.
NYSE Euronext said it will increase cooperation with the Tel Aviv Stock Exchange by encouraging companies listed on each market to cross-list their securities on the other, according to a statement. The agreement should provide US and European investors with greater access to the Israeli marketplace, and help increase awareness of NYSE Euronext-listed stocks among Israeli investors.