NYSE Tries Italian Job

It reportedly enters the bidding for Borsa Italiana, further clouding the Nasdaq-LSE picture.
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NYSE Euronext

(NYX)

is throwing its hat into the fray for Borsa Italiana.

Just a day after the London Stock Exchange said it was in talks over a possible merger with the Italian exchange operator, the owner of the New York Stock Exchange submitted a preliminary bid, according to

The Wall Street Journal

.

Both exchanges have offered around $2 billion for Borsa Italiana, reports say.

The news comes as exchanges across the world are hooking up in a frenzy to expand product offerings, gain efficiencies and reach more global customers.

The Big Board itself completed the largest trans-Atlantic deal in April, when it merged with European exchange operator Euronext. Deutsche Boerse agreed in May to acquire the

International Securities Exchange

(ISE)

, one of the largest options exchanges.

The

Nasdaq Stock Market

I:IXIC

has agreed to buy Nordic exchange operator OMX. Nasdaq owns a 30% stake in the London exchange and has been trying unsuccessfully to acquire the LSE. After a failed bid for the exchange expired in February, Nasdaq must wait until early next year before it can try to acquire the LSE again.

A Borsa Italiana spokeswoman told

Reuters

that the only offer currently under discussion is from the LSE. A NYSE spokesman declined to comment to

TheStreet.com

.