The New York Stock Exchange and Euronext have joined forces with a further six stock exchanges around the world and are planning to launch Global Equity Market, a single exchange operating across three timezones covering 60% of the global market capitalisation.

The NYSE and Euronext, which have been in talks for the past two months, announced that it had already formed working groups with the Tokyo Stock Exchange, the Hong Kong Stock Exchange, and the Australian Stock Exchange, as well as exchanges in Toronto, Mexico and Sao Paulo.