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Thursday, January 19, 2012

Euro say NO to CARTELISM?

Stock markets merger looks doomed despite lobbying

Published on 18 Jan 2012 by Euronews - The merger of Germany's Deutsche Boerse and the US-European stock exchanges NYSE Euronext looks set to be blocked.EU Competition Commissioner Joaquin Almunia opposes it as the merged company would dominate derivatives trading in Europe. He has said they would have to sell substantial parts of their operations to get approval.


NYSE Euronext's boss Duncan Niederauer and Deutsche Boerse's Reto Francioni have been lobbying in Brussels stressing the advantages.