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
