Bloomberg (February 26)
CME Group Inc. (CME) no longer owns the world’s most valuable exchange. “Hong Kong Exchanges & Clearing Ltd. overtook CME as the world’s largest exchange operator by market value in December as the Chinese company completed its $2.2 billion takeover of the London Metal Exchange. The Hong Kong bourse is the largest in the industry with a capitalization of $20.8 billion.” That could change, however, as CME has been putting out feelers about acquiring Deutsche Boerse. Any proposal would likely face stiff anti-trust and political opposition.
Securities Technology Monitor (March 20)
The Deutsche Boerse (DB) plans to sue the EU for blocking its planned merger with NYSE Euronext. DB “plans the suit in order to recoup some of its merger costs and to clear the way to potentially make a future deal in which it could expand its derivatives operation.” DB, however, has no plans to revive the NYSE Euronext deal. DB’s main concern is that the definition of “derivatives markets” be expanded to include OTC trading, thus making future acquisitions of derivatives operations less likely to trigger monopoly concerns.
The Deutsche Boerse (DB) plans to sue the EU for blocking its planned merger with NYSE Euronext. DB “plans the suit in order to recoup some of its merger costs and to clear the way to potentially make a future deal in which it could expand its derivatives operation.” DB, however, has no plans to revive the NYSE Euronext deal. DB’s main concern is that the definition of “derivatives markets” be expanded to include OTC trading, thus making future acquisitions of derivatives operations less likely to trigger monopoly concerns.
Tags: Derivatives markets, Deutsche Boerse, EU, Lawsuit, NYSE Euronext, OTC