We have known for a while of the moves that would take Italian stock exchange Borsa Italiana into the Euronext conglomerate. Following the almost inevitable merger with the New York Stock Exchange, everyone seems even keener.

The Telegraph reports: “The strength of Euronext’s derivatives business and its fixed income platform, through MTS, which it co-owns with Borsa Italiana, is one of the key reasons the NYSE chose to merge with Euronext and not the LSE in the first place.”

In addition, “Massimo Capuano, the chief executive of the Borsa, is to be offered a seat on the enlarged NYSE board in an attempt to bring the Italian exchange into the merger in the next week.”

When the first domino falls …