Ach du lieber!

Talk about outsourcing.

The parent company of the New York Stock Exchange revealed Wednesday that it is in advanced talks to be purchased by the owner of the German stock exchange — meaning that the citadel of American capitalism soon could be foreign-owned.
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The deal being negotiated calls for Deutsche Boerse to own approximately 60% of the company, the first time in its history that the iconic NYSE would be controlled by a foreign entity. Duncan Niederauer, NYSE Euronext chief executive, would be CEO of the combined company.

In some ways, the potential deal is the next step in the evolution of stock exchanges from nonprofit entities owned by their members to fast-moving companies with publicly traded stocks. The NYSE and many traditional stock exchanges switched to public ownership over the last decade, saying the rapid pace of technology and other forces required them to be more nimble and entrepreneurial.