HKEx May Merge With Nasdaq, CBOE

Hong Kong Exchanges and Clearin g(HKEx) may join hands withNasdaqor Chicago’sCBOE,Reutersreports. HKEx is open to strategic alliances, but it has not yet identified any opportunities.

The move will help HKEx compete against any new and bigger competitors. An alliance between HKEX and the Shanghai or Shenzhen stock exchanges is difficult due to political, economic and organizational challenges.

Click here for the story fromReuters.