* New York Mayor Bloomberg supports NYSE-D.Boerse deal
* "London has the problem now" -- Bloomberg
* U.S., Europe will gain access to the other's markets
NEW YORK, Feb 10 New York Mayor Michael
Bloomberg said on Thursday he supports advanced talks that
would place the iconic New York Stock Exchange into the hands
of Germany's Deutsche Boerse AG (DB1Gn.DE).
NYSE Euronext NYX.N, parent company of New York's Big
Board, said on Wednesday it was in advanced merger talks with
the bigger, Frankfurt-based exchanges company. News of that
deal came one day after the London Stock Exchange (LSE.L)
announced it was buying Canada's TMX Group (X.TO).
Bloomberg, who was a Salomon Brothers equities trader
before making his fortune through media company Bloomberg LP,
said the deal will help keep New York's marketplace competitive
"I think it's very good for New York to have two of the
strongest exchanges together. It's going to give us access to
Europe, and the Europeans access to the States in a way that
our competitors, like London, will not have," Bloomberg said in
a press conference in New York.
The LSE's purchase of the Toronto stock market operator
would make it the world's fourth-largest exchanges company with
annual stock-trading volume of $4.1 trillion. That deal would
be dwarfed by Deutsche Boerse-NYSE, which would have annual
trading volume exceeding $20 trillion.
"London has the problem now, as it has to find a way to
become as strong as the New York and German stock exchanges,"
he said, citing the latest wave of consolidation.
An NYSE-Deutsche deal faces scrutiny from German regulators
and European antitrust officials, but so far the response from
the United States has been nil. Bloomberg is the first major
U.S. public figure to speak publicly on the potential sale of
the NYSE, a 218-year old symbol of American capitalism.
The combined group would have headquarters in New York and
Frankfurt, with Deutsche Boerse shareholders holding about 60
percent of the combined company.
"The stronger the New York Stock Exchange is globally, the
better for us," he said. "If the New York Stock Exchange didn't
form a partnership like this, it could have been frozen out."
(Reporting by David Sheppard, writing by Joseph A. Giannone;
Additional reporting by Jonathan Spicer; Editing by Phil
Berlowitz and Gerald E. McCormick)