Brussels blocks stock exchange mega-merger deal

Deutsche Börse and the NYSE's proposal to create the world's largest exchange operator was rejected by European anti-trust authorities Wednesday (1 February), for fear that it would create "a near-monopoly" on derivatives trading."The merger between Deutsche Börse and NYSE Euronext would have led to a near-monopoly in European financial derivatives worldwide," EU Competition Commissioner Joaquin Almunia said in a statement.The European Commission consulted more than 700 market ...

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