Brussels casts shadow over bourse plan

Speculation swirled around Deutsche Börse and NYSE Euronext over who – if anyone – might try and break up their plan to create the world’s largest exchange, announced in February 2011.

Article reports that a further threat to the combination could be emerging from the corridors of power in the EU.

At stake is whether European competition authorities will take the view that it is time to force competition in exchange-traded derivatives and challenge silos, or whether they believe that, in the interest of European competitiveness with the US, they can accept the silo in the form of a the Börse’s Eurex exchange and NYSE Euronext’s Liffe London futures exchange.

ESO: Background information: D Börse and NYSE in advanced talks http://www.europeansources.info/record/d-borse-and-nyse-in-advanced-talks/

ESO: Background information: Derivatives, central counterparties and trade repositories http://www.europeansources.info/record/derivatives-central-counterparties-and-trade-repositories/

ESO: Background information: Proposal for a Regulation of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories http://www.europeansources.info/record/proposal-for-a-regulation-of-the-european-parliament-and-of-the-council-on-otc-derivatives-central-counterparties-and-trade-repositories/

---